L&T Finance has raised Rs 50 crore through allotment of non-convertible debentures on private placement basis. The company has allotted 50 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) having face value of Rs 1 crore each. The NCDs have a Tenor of 3652 days and will mature on December 31, 2035. The NCDs carry a coupon rate of 7.75% per annum, first coupon payable on December 31, 2026 and annually thereafter.
L&T Finance (formerly known as L&T Finance Holdings) is one of the leading Non-Banking Financial Companies in India, with a strong presence across the lending business catering to the diverse financing needs of served and underserved customers.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 950.20 |
| Shriram Finance | 960.00 |
| Aditya Birla Capital | 348.10 |
| Chola Invest & Fin. | 1638.30 |
| Tata Capital | 328.05 |
| View more.. | |
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