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L&T Finance Ltd ( (IN:LTF) ) has shared an announcement.
L&T Finance Limited has allotted 610,900 equity shares following the exercise of employee stock options under its L&TFL Employee Stock Option Scheme – 2013. The newly issued shares will rank pari passu with existing equity shares in all respects, including entitlement to future dividends, resulting in a marginal expansion of the company’s equity base and reflecting the ongoing use of stock-based compensation for employee incentivisation.
More about L&T Finance Ltd
L&T Finance Limited is a non-banking financial company (NBFC) operating in India, providing a range of lending and financial services. The company focuses on retail and wholesale financing solutions and is listed on both the National Stock Exchange of India and BSE, serving a broad base of borrowers and investors in the domestic capital markets.
Average Trading Volume: 415,050
Technical Sentiment Signal: Buy
Current Market Cap: 716.1B INR
See more insights into LTF stock on TipRanks’ Stock Analysis page.