L&T announces allotment of NCDs worth Rs 2,000 crore

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 DeskUpdated: Tuesday, March 28, 2023, 09:46 PM IST
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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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