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L&T Infrastructure plans to issue Rs. 1.25 billion of nonconvertibles
By Tali Rackner
Norfolk, Va., Feb. 27 - L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it intends to issue secured redeemable nonconvertible debentures with face value of Rs. 2.5 million each, totaling Rs. 1.25 billion.
There is an option to retain over subscription of Rs. 750 million.
The debentures will be issued on a 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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