L&T Finance has informed that it is going to raise Rs 750 crore by issuing non-convertible debentures on a private placement basis.

The company has said in a BSE filing that “It intends to issue secured, redeemable, non- convertible debentures of Rs 700 crore with an option to retain over-subscription up to Rs 50 crore, an overall amount aggregating to Rs 750 crore.”

It said that the NCDs will be issued on a private placement basis.

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