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India’s L&T Infrastructure to issue up to Rs. 2 billion of debentures
By Tali Rackner
Norfolk, Va., June 11 – L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it intends to issue secured redeemable nonconvertible debentures with a face value of Rs. 2.5 million each for a total of Rs. 1 billion.
There is an over-subscription option for Rs. 1 billion of debentures.
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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