L&T raises Rs 1,250 Cr Through NCDs
New Delhi: Infrastructure player Larsen & Toubro (L&T) it has raised Rs 1,250 crore by way of issuing non-convertible debentures (NCDs).
These NCDs will mature in 2023. They are unsecured and redeemable in nature. The interest on the NCDs will be paid annually.
"The company has today issued and allotted 12,500 - 7.20 per cent rated listed unsecured redeemable non-convertible debentures of Rs 10 lakh each aggregating to Rs 1,250 crore which will mature on April 20, 2023," the company said in a regulatory filing.