India’s L&T Infrastructure to issue Rs. 250 million of debentures

By Tali Rackner

Norfolk, Va., May 21 – L&T Infrastructure Finance Co. Ltd. informed the Bombay Stock Exchange that it intends to issue secured redeemable non-convertible debentures, series K, with the face value of Rs. 2.5 million each, for a total of Rs. 250 million.

The company has an option to retain oversubscription of Rs. 1.25 billion, aggregating to Rs. 1.25 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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