India's L&T Infrastructure plans to issue Rs. 50 million of debentures

By Toni Weeks

San Luis Obispo, Calif., March 3 - L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it intends to issue unsecured redeemable nonconvertible debentures with a face value of Rs. 1 million each, totaling Rs. 50 million.

The subordinated tier 2 series O 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 the power, roads, telecommunications, oil and gas and ports sectors in India.

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