L&T Finance Ltd allots NCDs

L&T Finance Limited (formerly known as L&T Finance Holdings Limited) has allotted 28,300 Listed, Secured, Rated, Redeemable, NonConvertible Debentures having face value of Rs. 1,00,000 (Rupees One Lakh only) each, aggregating to Rs. 283,00,00,000/- (Rupees Two Hundred Eighty Three Crores Only) through private placement basis, to the identified investors on June 28, 2024.

The Debentures are proposed to be listed on the WDM segment of the National Stock Exchange of India Limited.

The debentures shall be secured by an exclusive and first ranking charge by way of hypothecation over identified fixed deposits of the Company and/or an exclusive and first ranking charge by way of hypothecation on identified standard receivables ("Hypothecated Assets") of the Issuer, to the extent that the principal amount of such Hypothecated Assets (or amount in case of fixed deposits) is equivalent to 1 time of the principal amount and coupon outstanding.

Shares of L&T Finance Holdings Limited was last trading in BSE at Rs. 181.10 as compared to the previous close of Rs. 179.25. The total number of shares traded during the day was 169064 in over 2411 trades.

The stock hit an intraday high of Rs. 182.85 and intraday low of 180.00. The net turnover during the day was Rs. 30649513.00.

Source : Equity Bulls

Keywords

LandTFinance INE498L01015 FundRaising NCDs