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India’s L&T Infrastructure plans Rs. 1.5 billion issue of debentures
By Wendy Van Sickle
Columbus, Ohio, Sept. 10 – L&T Infrastructure Finance Co. Ltd. plans to issue Rs. 1.5 billion of secured nonconvertible debentures, according to a notice filed with the Bombay Stock Exchange.
The company has an oversubscription option for Rs. 250 million, which would lift the offering to Rs. 1.75 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 the power, roads, telecommunications, oil and gas, and ports sectors in India.
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