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India’s L&T Infrastructure to issue Rs. 500 million of debentures
By Wendy Van Sickle
Columbus, Ohio, June 5 – L&T Infrastructure Finance Co. Ltd. plans to issue Rs. 500 million of secured, redeemable, non-convertible debentures, series R, according to a notice filed with the Bombay Stock Exchange.
The company has an oversubscription option of Rs. 250 million.
The debentures, which have a face value of Rs. 2.5 million each, will be issued on a private placement basis.
L&T Infrastructure is a Mumbai-based non-bank financial company that provides financial products and services for power, roads, telecommunications, oil and gas and ports sectors in India.
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