"The company intends to issue secured, redeemable, non- convertible debentures of Rs 25 lakh each, aggregating to Rs 250 crore (Series K of FY 2014-15) on private placement basis," it said in a filing to the BSE.
L&T Finance, which is a non-banking finance company and a wholly owned subsidiary of L&T Finance Holdings Ltd, is part of the engineering major L&T.
The L&T Finance Holdings scrip closed 1.43 per cent lower at Rs 69.05 on the BSE.