Active Stocks
Thu Mar 28 2024 15:09:27
  1. Tata Steel share price
  2. 155.50 1.73%
  1. ICICI Bank share price
  2. 1,091.10 0.65%
  1. HDFC Bank share price
  2. 1,446.75 0.42%
  1. ITC share price
  2. 427.40 -0.14%
  1. Power Grid Corporation Of India share price
  2. 276.00 1.83%
Business News/ Opinion / Online-views/  L&T Infra Fin to close retail bond sale on 4 March
BackBack

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

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

Premium

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.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 04 Mar 2011, 03:33 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App