Aug 18, 2009

L&T Finance Limited plans to enter the debt capital market on August 18, 2009 with a public issue of Non Convertible Debentures (NCDs).

Earn upto 10.50% p.a.
Invest in L&T Finance
Non Convertible Debentures (NCD)

Dear Customer,

L&T Finance Limited plans to enter the debt capital market on August 18, 2009 with a public issue of Non Convertible Debentures (NCDs). The details of the offering are as follows:

Issue Period August 18, 2009 till September 04, 2009
Yield 9.85 % to 10.50% p.a.
Rating CARE AA+ by CARE and LAA+ by ICRA
Issue Size 50,00,000 NCDs of Rs.1,000/- each aggregating to Rs.500 Crores with an option to retain over-subscription upto Rs.500 Crores for issuance of additional NCDs, aggregating upto a total of Rs.1,000 Crores

  • No income tax is deductible at source as per the provisions of Section 193 of the IT Act on interest on debentures issued by a company in a dematerialised form listed on recognised stock exchange in India
  • The NCDs will be issued in Demat mode only
  • Please Note- Issuance is on a first come first serve basis
For Delhi-NCR Customers : To Invest in L&T Finance NCD Call @ 0-9910009312

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Email: | Phone: 0-981-826-9396 | Fill Inquiry Form Click Here

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