L&T Finance allots Rs 380 crore NCDs via private placement

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

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Nifty Midcap 150market+0.5%+0.1% vs market

Investment Company peers, median of 61sector+0.3%+0.3% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 0.3 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

L&T Finance has allotted 380 subordinated unsecured NCDs on private placement basis on July 1, 2026. Each NCD has a face value of Rs 1 crore, taking the total issue size to Rs 380 crore. Tenor is 10 years with maturity on July 1, 2036. Annual coupon is Rs 8.20 lakh per NCD, which works out to 8.20 percent yearly. NCDs will be listed on NSE NTRP new debt market.

Likely market impact

Routine debt raise of Rs 380 crore at 8.20 percent for 10 years. No equity dilution since these are NCDs, not shares.