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India’s L&T Infrastructure plans to issue Rs. 3 billion of debentures
By Tali Rackner
Norfolk, Va., May 4 – L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it intends to issue secured redeemable non-convertible series H debentures with the face value of Rs. 2.5 million each, for a total of Rs. 3 billion.
The company has an option to retain oversubscription of Rs. 1 billion.
The debentures will be issued 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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