L&T Finance Allots ₹380 Crore in Non-Convertible Debentures
L&T Finance Limited allotted 380 non-convertible debentures worth ₹380 crore on July 01, 2026. The debentures have a face value of ₹1 crore each and a maturity date of July 01, 2036. Interest payments are scheduled annually starting July 01, 2027.
The issuance of NCDs of ₹380 crore represents a significant debt fundraising for the company, which can impact its capital structure and financial leverage.
The announcement details the allotment of NCDs, which is a routine fundraising activity. There are no specific positive or negative financial outcomes mentioned in this particular announcement.
L&T Finance Limited has announced the allotment of 380 subordinated, unsecured, rated, listed, and redeemable non-convertible debentures (NCDs) on a private placement basis. The aggregate nominal value of these NCDs is ₹380 crore (Rupees Three Hundred and Eighty Crores Only), with each debenture having a face value of ₹1 crore (Rupees One Crore only).
The allotment took place on July 01, 2026. These NCDs are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under the New Debt Market of the National Stock Exchange of India Limited. The original tenor of the debentures is 3653 days, with the date of maturity/redemption set for July 01, 2036. The first coupon payment is scheduled for July 01, 2027, and will be paid annually thereafter.
In case of default in payment of coupon rate and/or principal redemption on the due dates, an additional interest of 2% per annum over the coupon rate shall be payable by the Company for the defaulting period. No charge or security has been created over the assets for this issuance. The NCDs will be redeemed at a price of ₹1 crore per NCD on the date of maturity.
What to do with a filing like this
L&T Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by L&T Finance Limited. Read the original for the full detail.