L&T Finance Limited — QIP/Rights/Pref., 15-04-2025: Allotment of Securities

L&T Finance Limited has allotted 1,00,000 Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each, totaling Rs. 1,000 Cr, through private placement. The deal involves two options: each option consists of an initial size of Rs. 100 Cr, with a green shoe option allowing for an increase up to Rs. 500 Cr collectively. The debentures carry coupon rates of 7.7989% and 7.5934% respectively, payable annually, with maturities set for March 2028 and March 2030. The NCDs will have a first-ranking charge over specific fixed assets.