L&T Finance has raised Rs 1500 crore through non-convertible debentures (NCDs). The company has allotted 1,50,000 senior, secured, rated, listed, redeemable, NCDs having face value of Rs 1,00,000 each, on private placement basis. The NCDs have a tenor of 1110 days and carry a coupon rate of 8.12% per annum. The NCDs are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under New Debt Market of the National Stock Exchange of India.
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 | 961.30 |
| Shriram Finance | 1002.45 |
| Aditya Birla Capital | 375.90 |
| Chola Invest & Fin. | 1694.70 |
| Tata Capital | 371.55 |
| View more.. | |
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