L&T Finance Limited Allots 380 Subordinated Non-Convertible Debentures for Rs 380 Crores
L&T Finance Limited has finalized the allotment of subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) through a private placement. The company issued 380 such debentures, each carrying a face value of Rs 1,00,00,000, for an aggregate nominal value of Rs 380,00,00,000.The allotment took place on July 01, 2026, in dematerialised form for cash to identified investors. These instruments are set to mature on July 01, 2036, giving the debentures a total tenure of 3653 days.
Key Terms of the NCDs
The debt instrument is defined as a subordinated, unsecured, rated, listed, redeemable, non-convertible debenture. The primary details concerning the issue are summarized below:| Particulars | Details |
|---|---|
| Instrument Type | Subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) |
| Allotment Date | July 01, 2026 |
| Total Debentures Issued | 380 |
| Face Value per NCD | Rs 1,00,00,000 |
| Aggregate Nominal Value | Rs 380,00,00,000 |
| Maturity Date / Redemption Date | July 01, 2036 |
| Listing Platform | Negotiated Trade Reporting Platform (NTRP) under the NewDebt Market of the National Stock Exchange of India Limited |
Coupon and Redemption Structure
The debentures include a scheduled repayment structure for both interest payments and principal redemption. The first coupon payment is due on July 01, 2027, with subsequent annual payouts set throughout the tenure.According to the schedule provided:
- Coupon Payout: The annual Coupon Rate installment is set at Rs 8,20,000.0000, payable annually starting from July 01, 2027.
- Principal Redemption: All NCDs will be redeemed at the redemption price of Rs 1,00,00,000 per debenture on the Date of Maturity, which is July 01, 2036.
The instrument carries no security over company assets and neither attaches any special rights or privileges to investors. In the event of a default in payment of interest or principal redemption, additional interest at 2% per annum over the Coupon Rate shall be payable by L&T Finance Limited for the defaulting period.
LTF Stock Price Movement
Today, L&T Finance Limited shares edged higher to settle at ₹313.1 after closing post-market, recording a 0.76% gain. The stock saw strong activity during the trading session, with a total volume of 7.15 million shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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