India's L&T Infrastructure plans to issue Rs. 500 million debentures

By Tali Rackner

Minneapolis, Jan. 28 - L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it intends to issue Rs. 500 million of unsecured nonconvertible debentures in the form of subordinated perpetual tier 1 debt.

The debentures will be issued on private placement basis.

L&T is a Mumbai-based non-banking financial company that provides financial products and services for power, roads, telecommunications, oil and gas and ports sectors in India.

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