Non-convertible debentures (NCDs) are fixed income securities that is listed with stock exchanges, like BSE and NSE in India.
The valuation of the company was estimated to be up to $3 billion.
The 3 entities that will be merged in it are L&T Finance Limited, L&T Infra Credit Limited, and L&T Mutual Fund Trustee Limited.
He will replace Alok Agarwal on 1st June.
SKS has a 600 MW thermal power plant in Chhattisgarh.
The scheme is a fixed maturity fund and will invest in debt securities like Corporate Bonds, Non-convertible Debentures and Government Securities have Low volatility with minimal churn.
The initial batch of EV charging points has been set up by Jio-bp at Piramal Vaikunth located in Thane.
The business noted that April 7, 2023, has been set as the record date for establishing the equity shareholders' eligibility for the dividend if announced.
The Scheme will dynamically allocate its net assets to equity and equity related securities and debt instruments.
These products are in affordable pricing category.