Larsen & Toubro Limited has informed the Exchange about Issue of Non-convertible Debentures

Fund Raising View source PDF Explain this filing

LT · price

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

+0.4%Reaction day

₹3600.80

prior close

₹3629.80

announcement price

In-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.3%+0.7% vs market

Civil Construction peers, median of 84sector-2.0%+2.4% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty 100 and 2.4 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+0.4-0.3+0.7-2.0+2.4

Next day

+1.6+1.0+0.6-0.7+2.3

-0.6+0.5-1.1-1.3+0.7

+0.3+0.9-0.6+0.2+0.2

+0.6+1.7-1.0+1.4-0.7

+1.7+2.8-1.2+1.2+0.4

+1.9+2.9-1.0+2.1-0.2

15d

-0.7+2.3-3.0+1.2-2.0

-2.7+1.4-4.1+0.7-3.4

+0.5+0.8-0.4-3.4+3.9

+2.3+2.5-0.2-3.0+5.3

UpDownMarket · Nifty 100Sector · Civil Construction peers, median of 84Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Larsen & Toubro has allotted 50,000 Non-Convertible Debentures (NCDs) of Rs. 1 lakh each, raising Rs. 500 crore in total. The NCDs carry a coupon rate of 6.35% per annum, are unsecured, rated, and listed, with annual interest payments. They have a 3-year maturity, maturing on June 19, 2028, and are proposed to be listed on the NSE. Notably, these NCDs are linked to sustainability/ESG targets and are issued under SEBI's ESG Debt Securities framework.

Likely market impact

This is a routine debt raise at a competitive rate, adding Rs. 500 crore to L&T's funding without diluting shareholders. The ESG-linked structure may attract sustainability-focused investors but has no material impact on the stock price.