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L&T Infra Finance Plans to Raise Rs 150 Crore via NCDs

NDTV Profit Desk

New Delhi: L&T Infrastructure Finance Company plans to raise Rs 150 crore on private placement basis by issuing non-convertible debentures (NCDs).

New Delhi: L&T Infrastructure Finance Company plans to raise Rs 150 crore on private placement basis by issuing non-convertible debentures (NCDs).

"The company intends to issue secured, redeemable, non-convertible debentures of the face value of Rs 25,00,000 each, amounting to Rs 100 crore," the company said in a filing to the BSE.

It said that issue comes with an option to retain over subscription of Rs 50 crore.

The company did not elaborate on the usage of the proceeds.

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