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India’s L&T Infrastructure corrects issue size to Rs. 6 billion
By Tali Rackner
Norfolk, Va., June 26 – L&T Infrastructure Finance Co. Ltd. corrected its Wednesday announcement regarding the size of a new debenture issue.
The company informed the Bombay Stock Exchange on Thursday that it intends to issue secured redeemable nonconvertible debentures of Rs. 6 billion.
There is an over-subscription option for Rs. 4 billion, for an overall amount totaling Rs. 10 billion.
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 and oil and gas sectors in India.
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