India’s L&T Finance plans to issue Rs. 2 billion of debentures

By Wendy Van Sickle

Columbus, Ohio, June 25 – L&T Finance Ltd. plans to issue Rs. 2 billion of secured, redeemable, non-convertible debentures, series G, on a private placement basis, according to a notice filed with the Bombay Stock Exchange.

The company has an oversubscription option of Rs. 250 million.

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

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