L&T Finance Ltd.

L&T Finance Holdings’ material subsidiary -- L&T Finance has raised Rs 2,228 crore through a public issue of bonds. The company announced early closure of the public issue following oversubscription of the tranche I issue.

This non-convertible debentures issue is a step in the company's overall strategic intent of building a retail liability franchise, and will further add to the diversity of the borrowing mix in the already diversified liability profile.

L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.