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India’s L&T Finance plans Rs. 2 billion of secured redeemable notes
By Tali Rackner
Norfolk, Va., Oct. 28 – L&T Finance Ltd. informed the Bombay Stock Exchange that it intends to issue Rs. 2 billion of secured redeemable non-convertible debentures, series L.
The company has an over-subscription option of Rs. 1 billion, potentially raising the deal to Rs. 3 billion.
The debentures will be issued on a private placement basis.
The issuer is a Mumbai-based finance company and a subsidiary of Larsen & Toubro Ltd.
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