L&T Finance Holdings, a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure, announced Tuesday the company's intention to issue unsecured, redeemable, non-convertible debentures aggregating to Rs 1.25 billion, on private placement basis.
The stock had outperformed the market over the past one month till Nov. 26, 2012, rising 36.82% compared with the Sensex's 0.47% decline.
It outperformed the market in past one quarter, gaining 70.25% as against 4.24% rise in the Sensex.
Shares of the company gained Rs 1.85, or 2.46%, to trade at Rs 77.10. The total volume of shares traded was 2,157,271 at the BSE (12.46 p.m., Tuesday).