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India’s L&T Infrastructure to issue Rs. 250 million of debentures
By Wendy Van Sickle
Columbus, Ohio, May 28 – L&T Infrastructure Finance Co. Ltd plans to issue secured redeemable non-convertible debentures, series N, 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. 750 million, according to a filing with the Bombay Stock Exchange.
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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