Announced Wed, 1 Jul · 18:31 IST
L&T Finance allots 380 NCDs worth Rs 380 Cr via private placement
Fund Raising View source PDF
LTF · price
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Price reaction · full curve 14 horizons · vs prior close
+4.7%1-day move
₹313.00
prior close
₹314.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.1+0.1-0.2+4.7+7.4+6.7+0.6+2.5+3.6-2.4———
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AI summary
L&T Finance allotted 380 subordinated, unsecured, rated, listed, redeemable non-convertible debentures on a private placement basis on July 01, 2026. Each NCD has a face value of Rs 1 crore, totaling Rs 380 crore. Tenor is 10 years, maturing July 01, 2036. Annual coupon payout is Rs 8.20 lakh per NCD, indicating an 8.2% per annum coupon rate. Listing is proposed on NSE's Negotiated Trade Reporting Platform.
Likely market impact
Strengthens capital base via Rs 380 Cr debt raise at 8.2% coupon. No equity dilution; subordinated debt.