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L&T Infrastructure plans to issue Rs. 4 billion of secured debentures
By Tali Rackner
Norfolk, Va., March 13 - L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it intends to issue secured redeemable nonconvertible debentures totaling Rs. 4 billion.
There is an over-allotment option for Rs. 1 billion.
The debentures will be issued on private placement basis.
L&T 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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