Larsen & Toubro raises Rs 2,500 crore via NCDs
The debentures will mature in April, 2025.
By PTI |
Reuters
New Delhi: Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday said it has raised Rs 2,500 crore through issuance of non-convertible debentures (NCDs).
The debentures will mature in April, 2025.
"The Company has today issued and allotted 25,000 7.70 per cent Rated Listed Unsecured Redeemable Non-Convertible Debentures of Rs 10 lakh each aggregating to Rs 2,500 crore which will mature on April 28, 2025," the company said in a regulatory filing to the BSE.
The debentures are proposed to be listed on the NSE, it said.
The interest on will be paid on an annual basis, it added.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue. It operates in over 30 countries.
The debentures will mature in April, 2025.
"The Company has today issued and allotted 25,000 7.70 per cent Rated Listed Unsecured Redeemable Non-Convertible Debentures of Rs 10 lakh each aggregating to Rs 2,500 crore which will mature on April 28, 2025," the company said in a regulatory filing to the BSE.
The debentures are proposed to be listed on the NSE, it said.
The interest on will be paid on an annual basis, it added.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 21 billion in revenue. It operates in over 30 countries.
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