Announced Wed, 29 Apr · 18:55 IST
L&T Finance to redeem Rs 15 cr perpetual NCDs via call option on June 3, 2026
LTF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹285.99
prior close
₹284.42
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-0.8-1.1-0.5+0.3+1.6+4.9+6.3+5.9-1.7-5.5-5.1+8.7—
Up moveDown movePending
AI summary
L&T Finance is exercising a call option on 150 unsecured, subordinated perpetual Upper Tier-II NCDs (ISIN: INE476M08063) of Rs 10 lakh each, totalling Rs 15 crores, originally issued by L&T Housing Finance in June 2016. With RBI approval dated April 29, 2026, the company will redeem the principal along with the 9.60% annual coupon on June 03, 2026. Record date for the payment is May 19, 2026.
Likely market impact
Routine debt management - redemption of legacy perpetual bonds at earliest call date; minor positive for capital structure clarity.