Please find enclosed intimation regarding allotment of Non Convertible Debentures on June 18, 2025
Awaiting price reaction for this filing.
L&T Finance Limited has allotted 40,000 Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis on June 18, 2025. Each NCD has a face value of Rs. 1 lakh, taking the total issue size to Rs. 400 crores. The debentures carry a coupon rate of 8.24% per annum, payable annually and on maturity, with a residual tenor of 728 days and maturity date of June 16, 2027. The issue is secured by a first-ranking charge on identified fixed deposits and standard receivables of the company. The NCDs will be listed on the NSE's New Debt Market (NTRP).
This is a routine debt-raising exercise by L&T Finance at a competitive market rate, which strengthens its funding base without diluting equity shareholders. For retail investors, it confirms ongoing borrowing activity by the company but is unlikely to cause any immediate share price movement.