Corporate Action9 Sept 2026, 02:40 pm
L&T Allots ₹500 Cr Tokenised NCDs
AI Summary
Larsen & Toubro Limited has allotted 50,000 tokenised Non-Convertible Debentures (NCDs) worth ₹500 crore. These are listed, rated, unsecured, redeemable NCDs with a face value of ₹1 lakh each, carrying a 7.40% annual interest rate. The NCDs mature on September 9, 2029, and are issued on a private placement basis using NSDL's Distributed Ledger Technology (DLT) platform. The debentures are proposed to be listed on the National Stock Exchange of India Limited (NSE).
Key Highlights
- L&T issues ₹500 Cr in tokenised NCDs.
- NCDs carry a 7.40% annual interest rate.
- Maturity date set for September 9, 2029.
- Issued via private placement on DLT platform.
- Proposed listing on NSE's Debt Segment.
Price Impact
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