L&T Infra Finance plans to raise Rs 200 crore through bonds

L&T Infra Finance plans to raise Rs 200 crore through bonds
30/03/2016 , by , in ALLIED

L&T Infrastructure Finance Company plans to raise up to Rs 200 crore through issuance of non-convertible bonds on a private placement basis, according to PTI report.

“The company intends to issue secured, redeemable, non-convertible debentures of the face value of Rs 25 lakh each, amounting to Rs 100 crore with an option to retain over subscription of Rs 100 crore,” it informed BSE.

L&T Finance is a wholly-owned subsidiary of L&T Finance Holdings, which is incorporated as a non-banking finance company (NBFC).

It offers finance services for trade, industry and agriculture sector. The company’s focus areas are corporate products, construction equipment, commercial vehicles and tractors.

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