Announced Tue, 7 Jul · 18:57 IST
L&T Finance allots Rs 1,000 crore NCDs via private placement
Fund Raising View source PDF
LTF · price
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Price reaction · full curve 14 horizons · vs prior close
-4.0%1-day move
₹334.10
prior close
₹330.20
base price
After-mkt
timing
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AI summary
L&T Finance allotted 1 lakh senior secured rated listed redeemable NCDs of Rs 1 lakh face value each, aggregating Rs 1,000 crore, to identified investors via private placement on July 7, 2026. Two tranches of Rs 500 crore each: Option I at 7.7942% for 1893 days maturing June 27, 2031; Option II at 7.8384% for 1179 days maturing September 28, 2029. Secured by exclusive first charge on identified fixed deposits and standard receivables.
Likely market impact
Raises Rs 1,000 crore for NBFC lending at about 7.8% cost. No equity dilution. Adds to debt obligations.