L&T Infrastructure Finance plans Rs. 250 million debenture issuance

By Wendy Van Sickle

Columbus, Ohio, April 24 – L&T Infrastructure Finance Co. Ltd said Friday it will issue secured, redeemable, non-convertible debentures at Rs. 2.5 million each, totaling Rs. 250 million.

The private placement has an over-subscription option of Rs. 750 million, according to a noticed posted with the Bombay Stock Exchange.

The issuer is a Mumbai-based finance company and a subsidiary of Larsen & Toubro Ltd.

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