L&T Infra Finance to raise up to Rs1,300 crore via NCDs
The company did not disclose the usage of the proceeds
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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