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L&T Finance LimitedQIP/Rights/Pref., 13-02-2025: Allotment of Securities

13-02-2025 | 03:00 pm

L&T Finance Limited has allotted 36,000 Senior, Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis, totaling Rs. 360 cr. Each debenture has a face value of Rs. 1,00,000, with an original tenor of 1,870 days and a maturity date set for March 29, 2030. The NCDs carry a coupon rate of 7.7989% per annum, payable annually. The debentures will be secured by identified fixed deposits and receivables of the issuer, offering additional security to investors.

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