L&T Finance Ltd.

L&T Finance has raised Rs 380 crore through allotment of non-convertible debentures (NCDs). The company has allotted 380 subordinated, unsecured, rated, listed, redeemable, NCD of the face value of Rs 1 crore on a private placement basis to the identified investors. The NCDs have a tenor of 3653 days and carry a coupon rate of 8.20% per annum.

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.