India’s L&T Infrastructure plans Rs. 1 billion issue of debentures

By Wendy Van Sickle

Columbus, Ohio, Sept. 9 – L&T Infrastructure Finance Co. Ltd. plans to issue Rs. 1 billion of secured, redeemable, nonconvertible debentures, series Z, according to a notice filed with the Bombay Stock Exchange.

The debentures, which will have a face value of Rs. 250,000 each, 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 the power, roads, telecommunications, oil and gas, and ports sectors in India.

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