Lend Lease to raise $300mln in share placement | business | Hindustan Times
Today in New Delhi, India
Sep 27, 2017-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Lend Lease to raise $300mln in share placement

Lend Lease Corp, an Australian property investor, plans to raise A$302.5 million ($196 million) through an institutional share placement, the company said in a statement on Wednesday.

business Updated: Feb 04, 2009 09:57 IST

Lend Lease Corp, an Australian property investor, plans to raise A$302.5 million ($196 million) through an institutional share placement, the company said in a statement on Wednesday.

The new shares are being sold at A$6.05 each, a 10.5 per cent discount to its last traded price of A$6.76. Lend Lease shares were placed on trading halt earlier on Wednesday pending an announcement.