L&T Infrastructure plans to issue Rs. 500 million secured debentures

By Tali Rackner

Norfolk, Va., June 3 - L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it intends to issue secured redeemable nonconvertible debentures totaling Rs. 500 million.

There is an over-allotment option for Rs. 500 million.

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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