Larsen & Toubro Limited — QIP/Rights/Pref., 19-06-2025: Issue of Securities

Larsen & Toubro has issued 50,000 unsecured, redeemable non-convertible debentures (NCDs) at Rs. 1 lakh each, raising Rs. 500 Cr. These 6.35% interest NCDs mature in three years with annual interest payouts. The issue is linked to sustainability targets and will be listed on the National Stock Exchange. The proceeds are intended to support the company's ESG initiatives.