India’s L&T Infrastructure to issue Rs. 4 billion of debentures

By Tali Rackner

Norfolk, Va., June 25 – 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. 4 billion.

There is an over-subscription option for Rs. 3 billion.

The debentures will be issued on a private placement basis.

L&T is a Mumbai, India-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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