"The company intends to issue secured, redeemable, non- convertible debentures of Rs 700 crore with an option to retain over-subscription up to Rs 50 crore, an overall amount aggregating to Rs 750 crore," the company said in a BSE filing.
The company said the NCDs will be issued on a private placement basis.
L&T Finance is a wholly-owned subsidiary of L&T Finance Holdings. The company offers financial products and services for trade, industry and agriculture.
(REOPENS DCM87)
L&T Infrastructure Finance Company, another group firm of L&T Finance Holdings, said that it will raise Rs 200 crore by issuing bonds on private placement basis.
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