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India’s L&T Finance plans Rs. 500 million of secured redeemable notes
By Wendy Van Sickle
Columbus, Ohio, Aug. 18 – L&T Finance Ltd. plans to issue up to Rs. 500 million of secured, redeemable, nonconvertible debentures, series I, according to a notice with the Bombay Stock Exchange.
The company has an oversubscription option of Rs. 750 million, for a total of Rs. 1.25 billion.
The debentures will be issued on a private placement basis.
The issuer is a Mumbai-based finance company and a subsidiary of Larsen & Toubro Ltd.
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