Larsen & Toubro (L&T) is planning to raise around Rs 6,000 crore through non-convertible debentures in the current fiscal. The company will raise the fund for capital expenditure, equity infusion in subsidiaries and debt repayment. The company will be seeking shareholders’ nod to raise the capital through debentures as stipulated in the Companies Act.
Additionally, L&T will be seeking shareholders' approval to raise $600 million through equity and hybrid instruments such as Qualified Institutional Placement (QIP), foreign currency convertible bonds and so on.
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.
