L&T Raises Rs 1,500 Crore via NCDs - Business News
Nov 02, 2023 19:18
Larsen & Toubro (L&T) has raised Rs 1,500 crore through Non-Convertible Debentures (NCDs) maturing on May 2, 2025, with a coupon rate of 7.58 percent.
New Delhi, Nov 2 (PTI) Infrastructure major Larsen and Toubro (L&T) on Thursday said it has raised Rs 1,500 crore through Non-Convertible Debentures (NCDs).
The debentures are proposed to be listed on the National Stock Exchange, L&T said in a regulatory filing.
"The company has today (Thusrday) issued and allotted 1,50,000 rated, listed, unsecured, redeemable, non-convertible debentures of Rs 1 lakh each aggregating to Rs 1,500 crore maturing on May 2, 2025," it said.
The NCDs have been issued at a coupon rate of 7.58 per cent.
Larsen & Toubro is an Indian multinational engaged in EPC (engineering, procurement and construction) projects, hi-tech manufacturing and services. It operates in over 50 countries.
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