L&T Finance allots 52 NCDs worth Rs 52 cr at 8.20% via private placement

Fund Raising View source PDF Explain this filing

LTF · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹271.05

prior close

₹272.00

announcement price

After-mkt

timing

Nifty Midcap 150market+0.1%-2.3% vs market

Investment Company peers, median of 62sector+0.0%-2.2% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Midcap 150 and 2.2 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.6

15m

-0.9

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+0.1-2.3+0.0-2.2

Next day

-2.5-1.0-1.5-1.0-1.5

-2.7-0.4-2.2-1.1-1.6

-2.5+0.6-3.1-0.2-2.4

-4.0-0.1-3.9-1.0-3.0

-5.0-2.5-2.6-2.3-2.8

-3.1-1.1-2.0-1.6-1.5

15d

-12.4-5.8-6.6-6.1-6.3

-9.8pendingpending-5.0-4.9

—————

UpDownMarket · Nifty Midcap 150Sector · Investment Company peers, median of 62Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

L&T Finance allotted 52 subordinated, unsecured, rated, listed, redeemable non-convertible debentures on private placement basis. Each NCD has a face value of Rs 1 crore, aggregating to Rs 52 crores, allotted to identified investors on September 29, 2026. Coupon rate is 8.20% per annum, payable annually starting July 1, 2027. Tenor is about 10 years with maturity on July 1, 2036. The NCDs will be listed on NSE NTRP and qualify as Tier II Capital.

Likely market impact

Routine debt raise of Rs 52 cr for Tier II capital. No equity dilution. Coupon of 8.20% reflects standard borrowing cost for NBFC.