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L&T Finance Limited has allotted 50,000 Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each, totaling Rs. 500 Cr, through private placement. The debentures feature a coupon rate of 7.75% per annum, payable annually, with a maturity date of December 13, 2027. The raised funds are backed by a first-ranking charge over identified fixed deposits and receivables. This issuance allows the company to enhance its capital structure while providing investors with a fixed income opportunity.