L&T Infra Debt Fund to raise Rs 400 cr

L&T Infrastructure Debt Fund plans to raise Rs 400 crore through issue of non-convertible bonds.

"The company intends to issue secured, redeemable, non-convertible bonds of the face value of Rs 25 lakh each, amounting to Rs 300 crore...On a private placement basis, L&T Infra Debt Fund said in a regulatory filing.

It said this will be with an option to retain over subscription of Rs 100 crore.

L&T Infra Debt Fund offers refinancing solutions to eligible borrowers in sectors like roads, ports, and airports.