L&T Finance Limited has informed the Exchange regarding allotment of 25000 Debentures pursuant to Non Convertible Securities at its meeting held on July 29, 2025
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L&T Finance Limited has allotted 25,000 Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) at a face value of Rs. 1,00,000 each, aggregating to Rs. 250 Crores on July 29, 2025 via private placement to identified investors. The base issue has a Green Shoe Option of up to Rs. 750 Crores, taking the total potential issue size to Rs. 1,000 Crores. The NCDs carry a coupon rate of 7.1242% per annum, payable annually, with a tenor of 1,154 days maturing on September 25, 2028. The debentures are proposed to be listed on the NSE debt market and are secured by a first-ranking charge on identified fixed deposits and/or standard receivables of the company.
This Rs. 250 Crore NCD raise strengthens L&T Finance's long-term funding at a competitive rate of ~7.12%, supporting its lending business without equity dilution. For shareholders, the move expands the company's debt portfolio but also increases interest obligations; the pricing reflects strong credit quality but does not signal any special event.