L&T Finance raises Rs 50 crore through NCDs
The NCDs have a Tenor of 3652 days and will mature on December 31, 2035
L&T Finance has raised Rs 50 crore through allotment of non-convertible debentures on private placement basis. The company has allotted 50 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) having face value of Rs 1 crore each. The NCDs have a Tenor of 3652 days and will mature on December 31, 2035. The NCDs carry a coupon rate of 7.75% per annum, first coupon payable on December 31, 2026 and annually thereafter.
L&T Finance (formerly known as L&T Finance Holdings) is one of the leading Non-Banking Financial Companies in India, with a strong presence across the lending business catering to the diverse financing needs of served and underserved customers.
