L&T Finance is planning to raise up to Rs 300 crore through issuing non-convertible debentures (NCDs) on a private placement basis.

It has said in a regulatory filing that the company intends to issue secured, redeemable, non-convertible debentures of Rs 150 crore with an option to retain over subscription up to Rs 150 crore, an overall amount aggregating to Rs 300 crore.

The issuance of NCDs will be on a private placement basis, says the company.

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