Larsen & Toubro Limited — QIP/Rights/Pref., 05-12-2024: Issue of Securities

Larsen & Toubro Limited has issued and allotted 1,50,000 Non-Convertible Debentures (NCDs) at a face value of ₹1 lakh each, totaling ₹1,500 crore. These debentures carry an interest rate of 7.19% and will mature on December 5, 2034, with annual interest payments. The NCDs are set to be listed on the National Stock Exchange of India. This move enhances L&T's financial structure and provides funds for ongoing projects.