L&T Finance Limited — QIP/Rights/Pref., 13-08-2025: Allotment of Securities
13-08-2025 | 05:14 pm
13-08-2025 | 05:14 pm
L&T Finance has successfully allotted 25,000 Senior, Secured, Redeemable Non-Convertible Debentures (NCDs) through a private placement to an identified investor. Each NCD is priced at a face value of Rs. 1 Lakh, raising a total of Rs. 250 Cr for the company. These debentures offer a coupon rate of 7.0826% and are secured by a first charge on L&T Finance's identified fixed deposits and/or standard receivables. This strategic fund infusion enhances the company's long-term financial stability.
No comments yet. Be the first to comment!
