L&T Finance Allots ₹235 Cr Non-Convertible Debentures

L&T Finance Ltd has successfully allotted 23,500 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, on a private placement basis. The total nominal value of this allotment is ₹235,00,00,000 (₹235 Crores). These NCDs carry a coupon rate of 7.7942% per annum and are scheduled for redemption on June 27, 2031. The debentures are secured by a first-ranking charge on identified fixed deposits and/or standard receivables of the issuer. The allotment was made to identified investors on August 20, 2026, and the debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) of the National Stock Exchange of India Limited.