Quarterly Updates24 Feb 2026, 05:18 pm
L&T Finance to Exercise Call Option on Subordinated Perpetual Tier — | Debt
AI Summary
L&T Finance Ltd has announced the exercise of the call option for the redemption of Subordinated Perpetual Tier — | Debt (Perpetual Debt Instruments) issued by Family Credit Limited, which was merged with L&T Finance Limited in 2017. The NCDs were issued with a put/call option exercisable after a minimum period of 10 years, and the company has decided to exercise this option. The redemption notice has been sent to the debenture holders for the payment of the principal outstanding and the annual coupon on March 30, 2026.
Key Highlights
- L&T Finance to exercise call option for redemption of NCDs issued by Family Credit Limited.
- The NCDs were issued with a put/call option exercisable after a minimum period of 10 years.
- The redemption notice has been sent to the debenture holders.
- The principal outstanding and annual coupon will be paid on March 30, 2026.
- Family Credit Limited was merged with L&T Finance Limited in 2017.