India’s L&T Infrastructure to issue Rs. 100 million secured notes

By Susanna Moon

Chicago, Oct. 20 – L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it plans to issue Rs. 100 million of secured redeemable nonconvertible debentures in a private placement.

The deal has an over-allotment option for Rs. 100 million, according to the notice.

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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