L&T Finance allots NCDs worth 650 cr at 7.84 percent coupon via private placement

Fund Raising View source PDF Explain this filing

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

-1.6%Reaction day

₹312.25

prior close

₹311.00

announcement price

After-mkt

timing

Nifty Midcap 150market-0.4%-1.2% vs market

Investment Company peers, median of 59sector-0.4%-1.2% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Midcap 150 and 1.2 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

-0.4

10m

-0.1

15m

-0.0

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6-0.4-1.2-0.4-1.2

Next day

-2.7-0.5-2.2-0.4-2.3

-0.7+0.1-0.8-0.0-0.7

-9.5-1.9-7.6-1.5-8.0

-9.0-2.0-7.0-1.6-7.4

-10.1-3.6-6.4-2.4-7.7

-15.1-4.5-10.6-2.8-12.3

15d

-14.6-4.7-9.9-4.2-10.3

-21.3-7.4-13.9-5.3-16.1

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UpDownMarket · Nifty Midcap 150Sector · Investment Company peers, median of 59Pending

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

AI summary

L&T Finance allotted 65,000 senior secured listed NCDs of Rs 1 lakh face value, totalling Rs 650 crores, on private placement to identified investors. Coupon 7.84 percent annually, tenor 1179 days, maturity September 28, 2029. Green shoe option up to Rs 1,850 crores, taking aggregate potential size to Rs 2,500 crores. Secured by first ranking charge on fixed deposits and receivables.

Likely market impact

Routine debt raise supports business growth with no equity dilution. Coupon at 7.84 percent reflects current borrowing costs.