L&T Infra Finance to raise up to Rs 60 crore via bonds

 L&T Infrastructure Finance Company said it will raise up to Rs 60 crore by issuing bonds on private placement basis.

PTI| Updated: May 10, 2016, 19:55 PM IST
L&T Infra Finance to raise up to Rs 60 crore via bonds

New Delhi: L&T Infrastructure Finance Company said it will raise up to Rs 60 crore by issuing bonds on private placement basis.

"The company intends to issue secured redeemable, non-convertible debentures of face value of Rs 25 lakh each, amounting to Rs 10 crore with an option to retain over- subscription of Rs 50 crore, on private placement basis," it said in a regulatory filing.

L&T Infrastructure Finance, a wholly-owned subsidiary of L&T Finance Holdings, is a non-banking finance company that provides services to power, telecom, roads, water and gas sectors.

L&T Finance Holdings shares today closed 1.62 per cent higher at Rs 75.20 apiece on BSE.