L&T Raises Rs 1,500 Crore via NCDs for NSE Listing

3 Nov 2023 , 10:45 AM

Larsen and Toubro (L&T) raised Rs 1,500 crore through Non-Convertible Debentures (NCDs) on November 2. The NCDs are planned to be listed on the National Stock Exchange, as per L&T’s regulatory filing.

L&T issued 1,50,000 rated, listed, unsecured, redeemable, non-convertible debentures with a face value of Rs 1 lakh each, totaling Rs 1,500 crore. The maturity date for these NCDs is set for May 2, 2025. The coupon rate for the NCDs is 7.58 %.

Larsen & Toubro is an Indian multinational company involved in EPC projects, hi-tech manufacturing, and services. The company operates in more than 50 countries globally.

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