Larsen & Toubro to raise Rs 1,000 crore through NCDs

Engineering giant Larsen & Toubro (L&T) on Tuesday said it will raise up to Rs 1,000 crore through issuance of non-convertible debentures.

"... the Company proposes to issue Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures aggregating up to Rs 1,000 crore, on private placement basis," Larsen & Toubro said in a regulatory filing to the BSE.

Shares of the company closed at Rs 1,302.60 per unit, up 0.53 per cent of the previous close.