India’s L&T plans to sell up to Rs. 1.5 billion redeemable debentures

By Susanna Moon

Chicago, April 20 – L&T Infrastructure Finance Co. Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 750 million of secured redeemable debentures with an over-allotment option for Rs. 750 million.

The debentures will be issued on a private placement basis with a face value of Rs. 2.5 million each, according to the notice.

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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