L&T raises Rs 1,500 crore via 1.5 lakh NCDs Image: PSU Watch
Corporate Watch

L&T raises Rs 1,500 crore via 1.5 lakh NCDs

Larsen and Toubro (L&T) on Thursday said it has raised Rs 1,500 crore through Non-Convertible Debentures (NCDs)

PTI

New Delhi: Infrastructure major Larsen and Toubro (L&T) on Thursday said it has raised Rs 1,500 crore through Non-Convertible Debentures (NCDs).

The debentures are proposed to be listed on the National Stock Exchange, L&T said in a regulatory filing.

"The company has today (Thusrday) 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 NCDs have been issued at a coupon rate of 7.58 per cent.

Larsen & Toubro is an Indian multinational engaged in EPC (engineering, procurement and construction) projects, hi-tech manufacturing and services. It operates in over 50 countries.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Also Read

ACC approves extension of additional charge as CMD of MTNL to A Robert J Ravi

NTPC Green Energy signs MoU with BSPGCL for renewable energy and battery storage projects

N.B.S. Rajput (IAS) appointed as Principal Secretary of Public Enterprises Department, Odisha

BPCL weighs legal options as Rs 1-crore environmental fine lingers for over a year

Free trade pact opens up $122 bn British Govt's procurement market for Indian compaines: Commerce Secretary