L&T raises Rs 1,500 crore via Non-Convertible Debentures
Mumbai: Engineering firm Larsen and Toubro (L&T) Thursday announced that it has garnered Rs 1,500 crore via Non-Convertible Debentures (NCDs).
L&T stated in a regulatory filing that these debentures are intended to be listed on the National Stock Exchange.
"The company has today (November 2) 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 coupon rate of the NCDs stands at 7.58 percent.
Larsen & Toubro is a multinational corporation from India that specializes in EPC (engineering, procurement, and construction) projects, advanced manufacturing, and providing various services. The company carries out its operations in more than 50 countries.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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