L&T allots 25,000 NCDs amounting to Rs. 2500 crore

Larsen & Toubro Ltd (L&T) has today issued and allotted 25,000 7.70% Rated Listed Unsecured Redeemable Non-Convertible Debentures of Rs. 10 lakh each aggregating to Rs. 2500 crore which will mature on April 28, 2025. The said Debentures are proposed to be listed on the National Stock Exchange of India Limited.

The interest on the said Debentures will be paid on an Annual Basis.

Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.857 as compared to the previous close of Rs. 855.55. The total number of shares traded during the day was 136026 in over 6569 trades.

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The stock hit an intraday high of Rs. 867.5 and intraday low of 852.75. The net turnover during the day was Rs. 116873086.