L&T Infra hits retail bond market to raise 1,100 cr

L&T Infrastructure Finance company on Thursday hit the retail bond market to mop up Rs 1,100 crore through tax-saving long term infrastructure bonds carrying an interest rate of 9% with a face value of Rs 1,000. The proceeds will be used to meet the company’s lending requirement.

November 24, 2011 / 19:07 IST

Moneycontrol Bureau

L&T Infrastructure Finance company on Thursday hit the retail bond market to mop up Rs 1,100 crore through tax-saving long term infrastructure bonds carrying an interest rate of 9% with a face value of Rs 1,000. The proceeds will be used to meet the company

first published: Nov 24, 2011 06:40 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347