L&T Finance Limited — QIP/Rights/Pref., 18-06-2025: Allotment of Securities

L&T Finance Limited has announced a board meeting on the financial results for the quarter and half-year. The company allotted 40,000 Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) via private placement, each with a face value of Rs. 1 lakh, aggregating Rs. 400 Cr. These NCDs carry an 8.24% annual coupon, payable yearly and at maturity in June 2027, and are secured by fixed deposits and identified receivables. This issuance strengthens L&T Finance’s debt profile with a medium-term fund infusion.