L&T Infrastructure Finance Company today said it will raise up to Rs 1,300 crore by issuing non-convertible debentures (NCDs) on private placement basis.
"... The company intends to issue secured, redeemable, non-convertible debentures of the face value of Rs 25,00,000 each, amounting to Rs 1,000 crore, with an option to retain over-subscription of Rs 300 crore, on private placement basis," it said in a filing to BSE.
The company did not disclose the usage of the proceeds.
Earlier in March, the company had announced plans to raise Rs 150 crore on private placement basis by issuing NCDs.
