India's L&T Finance plans Rs. 3 billion non-convertible debentures

By Tali David

Minneapolis, Oct. 25 - L&T Finance Ltd. informed the Bombay Stock Exchange that it intends to issue Rs. 1.5 billion of secured redeemable non-convertible debentures with an over-subscription option of up to Rs. 1.5 billion, for an overall amount aggregating to Rs. 3 billion.

The debentures will be issued on private placement basis.

The issuer is a Mumbai-based finance company and a subsidiary of Larsen & Toubro Ltd.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.