Larsen & Toubro Ltd.

Larsen & Toubro (L&T) has raised Rs 500 crore through the allotment of 50,000, 6.35% Listed, Rated, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) of Rs 1 lakh each. The said NCDs are linked to the identified sustainability targets and are issued under the Framework for Environment, Social and Governance (ESG) Debt Securities (other than green debt securities) issued by SEBI.

The said NCDs would mature on June 19, 2028 and the interest would be paid on an annual basis. The said Debentures are proposed to be listed on the National Stock Exchange of India.

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.