L&T announces allotment of NCDs worth Rs 2,000 crore
The firm has allotted 20,000 NCDs with a value of Rs 1 lakh per unit.
FPJ Web Desk
Updated: Tuesday, March 28, 2023, 09:46 PM IST
File/ Representative image
Through an exchange filing, Larsen & Toubro has announced the allotment of 20,000 rated, listed, unsecured, redeemable and non-convertible debentures, worth Rs 1 lakh each.
The NCDs issued are collectively worth Rs 2,000 crore and will mature on April 28, 2028, till when it will deliver an annual payout with a 7.725 per cent rate of interest.
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