India's L&T Finance to sell Rs. 500 million non-convertible debentures

By Ashley Montgomery

Kansas City, Kan., Oct. 4 - L&T Finance Ltd. informed the Bombay Stock Exchange that it plans to issue Rs. 500 million of secured redeemable non-convertible debentures.

The issue will carry an over-allotment option for an additional Rs. 500 million.

The debentures will be issued on a private placement basis.

Mumbai-based L&T Finance is a non-banking financial company.

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