L&T Finance Limited — QIP/Rights/Pref., 29-07-2025: Allotment of Securities
29-07-2025 | 04:21 pm
29-07-2025 | 04:21 pm
L&T Finance has successfully raised Rs 250 crore by allotting 25,000 Senior, Secured, Redeemable Non-Convertible Debentures (NCDs). Each NCD has a face value of Rs 1 lakh. The allotment was done via a private placement to identified investors, infusing significant funds into the company. These listed debentures offer a coupon rate of 7.1242% and are set to mature on September 25, 2028. This strategic move helps L&T Finance diversify its funding sources and strengthen its financial standing.
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