India’s L&T Infrastructure plans to issue Rs. 500 million of debentures

By Tali Rackner

Norfolk, Va., April 28 – L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it intends to issue unsecured redeemable non-convertible debentures with the face value of Rs. 1 million each, for a total of Rs. 500 million.

There is an over-allotment option of Rs. 250 million.

The debentures will be issued in the nature of subordinated, tier-II debt on a private placement basis.

L&T Infrastructure 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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