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India’s L&T Infrastructure plans Rs. 250 million issue of debentures
By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – L&T Infrastructure Finance Co. Ltd. plans to issue Rs. 250 million of secured redeemable nonconvertible debentures, series AD, according to a notice filed with the Bombay Stock Exchange.
The company has an oversubscription option for Rs. 150 million, which would lift the offering to Rs. 400 million.
The debentures will have a face value of Rs. 2.5 million each and 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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