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L&T Infra Fin to close retail bond sale on 4 March

L&T Infra Fin to close retail bond sale on 4 March
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First Published: Fri, Mar 04 2011. 03 33 PM IST
Updated: Fri, Mar 04 2011. 03 33 PM IST
Mumbai: L&T Infrastructure Finance, a fully owned unit of Indian engineering conglomerate Larsen & Toubro (L&T) said on Friday it has advanced the closing date of its retail bond issue to 4 March from 7 March.
“The response has been so good that we are closing early...on the last day the response becomes large and we have almost reached the limit,” a company official, who did not wish to be named, told Reuters.
The issue closes at 5 pm on 4 March, the source said.
The company planned to raise a maximum of Rs400 crore through the sale. The proceeds would be used for ongoing lending to infrastructure projects in the country.
It raised Rs260 crore through a similar offering in November.
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First Published: Fri, Mar 04 2011. 03 33 PM IST