ADVERTISEMENT
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.
14 Aug 2019, 01:02 PM IST 
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.