L&T Infrastructure Finance Company today said it plans to raise Rs 300 crore through debentures.
The company intends to issue secured, redeemable, non-convertible debentures of the face value of Rs 25 lakh each, amounting to Rs 300 crore with an option to retain over-subscription of Rs 100 crore, L&T Infrastructure Finance Company said in a statement.
The proposed instrument will be issued on a private placement basis, it said.
L&T Infrastructure Finance Company is a wholly-owned subsidiary of L&T Finance Holdings, belonging to the engineering conglomerate Larsen & Toubro (L&T).
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.