India’s L&T Finance plans Rs. 500 million of secured redeemable notes

By Susanna Moon

Chicago, May 23 – L&T Finance Ltd. notified the Bombay Stock Exchange that it plans to price Rs. 500 million of series C secured redeemable debentures with an over-allotment option for another Rs. 500 million of notes.

The notes will be issued on a private placement basis, according to a company notice.

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

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