Larsen & Toubro raises Rs 2,500 crore via NCDs

Larsen & Toubro raises Rs 2,500 crore via NCDs thumbnail
Last Updated : Apr 28, 2020 09:17 PM IST | Source: PTI The debentures are proposed to be listed on the NSE, it said. Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday said it has raised Rs 2,500 crore through issuance of non-convertible debentures (NCDs). The debentures will mature in April, 2025."The Company…

Last Updated : Apr 28, 2020 09:17 PM IST | Source: PTI The debentures are proposed to be listed on the NSE, it said.

Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday said it has raised Rs 2,500 crore through issuance of non-convertible debentures (NCDs). The debentures will mature in April, 2025.”The Company has today issued and allotted 25,000 7.70 per cent Rated Listed Unsecured Redeemable Non-Convertible Debentures of Rs 10 lakh each aggregating to Rs 2,500 crore which will mature on April 28, 2025,” the company said in a regulatory filing to the BSE.The debentures are proposed to be listed on the NSE, it said.The interest on will be paid on an annual basis, it added.Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $21 billion in revenue. It operates in over 30 countries.Moneycontrol Ready ReckonerNow that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.First Anniversary Offer: Subscribe to Moneycontrol PRO’s annual plan for ₹1/- per day for the first year and claim exclusive benefits worth ₹20,000. Coupon code: PRO365
First Published on Apr 28, 2020 09:15 pm
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