L&T Infra Finance plans to raise Rs 150 cr via NCDs

The NCDs will be of the face value of Rs 25,00,000 each

L&T Infrastructure Finance Company plans to raise Rs 150 crore on private placement basis by issuing non-convertible debentures.

"The company intends to issue secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 25,00,000 each, amounting to Rs 100 crore," the company said in a BSE filing.

It said that issue comes with an option to retain over subscription of Rs 50 crore.

The company did not elaborate on the usage of the proceeds.