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Business News/ Market / Stock-market-news/  L&T Infra Finance to raise up to Rs1,300 crore via NCDs
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L&T Infra Finance to raise up to Rs1,300 crore via NCDs

The company did not disclose the usage of the proceeds

Earlier in March, the company had announced plans to raise Rs150 crore on private placement basis by issuing NCDs. Photo: BloombergPremium
Earlier in March, the company had announced plans to raise Rs150 crore on private placement basis by issuing NCDs. Photo: Bloomberg

New Delhi: L&T Infrastructure Finance Co. on Monday said it will raise up to 1,300 crore by issuing non-convertible debentures (NCDs) on private placement basis.

“... the company intends to issue secured, redeemable, non-convertible debentures of the face value of 25,00,000 each, amounting to 1,000 crore, with an option to retain over-subscription of 300 crore, on private placement basis," it said in a filing to BSE.

The company did not disclose the usage of the proceeds. Earlier in March, the company had announced plans to raise 150 crore on private placement basis by issuing NCDs.

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Published: 27 Apr 2015, 09:28 PM IST
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