L&T Finance To Redeem Debentures, Trading Suspended From April 30

Mumbai: L&T Finance Limited has announced the redemption of its non-convertible debentures (NCDs) and payment of interest. The company has fixed April 30, 2025, as the record date for both redemption and interest payout concerning its privately placed debentures bearing the code LTF-8.90 per cent-15-5-25-PVT (INE691I08388). Consequently, trading members of the exchange have been instructed not to deal in these securities from the same date, in light of the scheduled corporate action.

These NCDs were issued with an annual coupon rate of 8.90 per cent and are due for maturity on May 15, 2025. However, the company appears to be redeeming them ahead of the final maturity date. The Exchange, through circular number DR-620/2025-2026, has formally communicated this update to its trading participants, advising them to refrain from further transactions in the concerned securities starting April 30.

Investors holding these instruments are requested to ensure their holdings are settled appropriately before the record date to receive both principal and accrued interest.