L&T Finance Ltd.

L&T Finance Holdings’ wholly-owned subsidiary - L&T Finance is reportedly planning to raise Rs 150 crore on private placement basis by issuing non-convertible debentures. The company will issue secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 2500,000 each, amounting to Rs 100 crore. The issue will come with an option to retain over subscription of Rs 50 crore.

L&T Finance, which offers a wide spectrum of financial products and services for trade, industry and agriculture, is looking to further expand its base in rural retail financing.