L&T Infrastructure Finance Company plans to raise up to Rs 200 crore through issuance of non-convertible bonds on a private placement basis.
"The company intends to issue secured, redeemable, non-convertible debentures of the face value of Rs 25 lakh each, amounting to Rs 100 crore with an option to retain over subscription of Rs 100 crore," it informed BSE today.
L&T Finance is a wholly-owned subsidiary of L&T Finance Holdings, which is incorporated as a non-banking finance company (NBFC).
It offers finance services for trade, industry and agriculture sector. The company's focus areas are corporate products, construction equipment, commercial vehicles and tractors.
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