Announced Wed, 1 Jul · 18:26 IST
L&T Finance allots Rs 380 crore NCDs via private placement
Fund Raising View source PDF
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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
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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.