Loan & Debt29 Sept 2026, 06:50 pm
L&T Finance Allots ₹52 Cr Subordinated NCDs via Private Placement
AI Summary
L&T Finance Ltd has announced the allotment of 52 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1 crore each, aggregating to ₹52 crores. These NCDs were issued on a private placement basis in dematerialised form for cash. The issuance is intended to qualify as Tier II Capital for the company. The debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of the National Stock Exchange of India Limited. The original tenor is 3653 days, with a maturity date of July 1, 2036. The coupon rate is fixed at 8.20% per annum.
Key Highlights
- L&T Finance raised ₹52 crores through subordinated NCDs.
- The NCDs were issued via private placement on September 29, 2026.
- The issuance will bolster the company's Tier II Capital.
- Debentures carry a coupon rate of 8.20% p.a. with maturity in July 2036.
Price Impact
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