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L&T Infra going to raise up to Rs 50 crore through debenture

On Tuesday, the L&T Infrastructure Finance Company said that it will be raising up to Rs 50 crore debt through private placement.

In a BSE filing, the company said that it intends to issue unsecured, redeemable, non-convertible debentures in the nature of subordinated, Tier-II Debt on private placement basis.

It also added that the debenture issuance would amount to Rs 25 crore with an option to retain the over subscription of Rs 50 crore.

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