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Larsen & Toubro Plans To Raise Up To Rs 1,400 Crore Via NCDs

L&T, however, didn’t elaborate in an exchange filing the reasons for the fundraising.

PTI
Larsen & Toubro’s headquarters in Mumbai. (Photographer: Kuni Takahashi/Bloomberg)

Larsen & Toubro Ltd. on Wednesday said it plans to raise up to Rs 1,400 crore by issuing non-convertible debentures on private placement basis.

L&T, however, didn’t elaborate in an exchange filing the reasons for the fundraising.

“The company proposes to issue rated, listed, unsecured, redeemable non-convertible debentures aggregating up to Rs 1,400 crore...,” L&T said in the filing.

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