Investment22 Jan 2025, 07:29 pm
Larsen & Toubro Limited Issues Rs. 4,000 Crore Worth of Non-Convertible Debentures
AI Summary
Larsen & Toubro Limited (L&T), a leading Indian multinational engaged in EPC projects, hi-tech manufacturing and services, has allotted 4,00,000 7.20% Listed, Rated, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of Rs. 1 lakh each, amounting to a total of Rs. 4,000 crore. The NCDs, which are proposed to be listed on the National Stock Exchange of India Limited, will mature on January 22, 2035, with interest payable on an annual basis. This issuance is in accordance with Regulation 30 & 51 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Larsen & Toubro Limited has issued Rs. 4,000 crore worth of Non-Convertible Debentures.
- The Debentures are 7.20% Listed, Rated, Unsecured, Redeemable, and Non-Convertible.
- The Debentures are proposed to be listed on the National Stock Exchange of India Limited.
- The Debentures will mature on January 22, 2035, with interest payable on an annual basis.
- This issuance is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.