L&T Infrastructure Finance will raise up to Rs 75 crore through issuance of bonds on a private placement basis.
"The company intends to issue secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 25 lakh each, amounting to Rs 75 crore with an option to retain over subscription of Rs 75 crore, on private placement basis," it said in a regulatory filing.
L&T Infrastructure Finance, a wholly-owned subsidiary of L&T Finance Holdings, is a non-banking finance company that provides services to power, telecom, roads, water and gas sectors.
L&T Finance Holdings shares today closed 0.48 per cent down at Rs 72.05 apiece on BSE.
