L&T Infra Finance plans to raise 200 cr through bonds
L&T Infrastructure Finance Company plans to raise up to ` 200 crore through issuance of non-convertible bonds on a private placement basis. “The company intends to issue secured, redeemable, nonconvertible debentures of the face value of ` 25 lakh each, amounting to ` 100 crore with an option to retain over subscription of ` 100 crore,” it informed BSE on Monday. L&T Finance is a wholly owned subsidiary of L&T Finance Holdings, which is incorporated as a nonbanking finance company (NBFC). It offers finance services for trade, industry and agriculture sector.