Retail-focused non-bank lender L&T Finance Limited has allotted ₹1,050 crore worth of senior, secured, rated, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. The allotment was made to an identified investor on October 10, 2025, with each NCD carrying a face value of ₹1,00,000.
The allotted NCDs are proposed to be listed on the National Stock Exchange of India Limited under the New Debt Market (NTRP) segment. They carry a coupon rate of 7.2190% per annum, with the first coupon payment scheduled for November 10, 2025, followed by annual payments. The debentures will mature and be redeemed on November 10, 2028, completing a tenure of 1,127 days.
Each NCD is secured by an exclusive first-ranking charge through hypothecation over identified fixed deposits and/or standard receivables of the issuer, covering an amount equivalent to one time the principal and coupon outstanding.
In case of default in interest or principal payments, an additional interest of 2% per annum over the coupon rate will be applied for the defaulting period. Redemption will be made at the face value of ₹1,00,000 per NCD, and there are no special rights or privileges, with all terms structured in accordance with SEBI regulations.
On the trading front, L&T Finance Share Price closed at ₹255.76, down ₹4.48 or 1.72%, on the BSE on October 10, 2025. Shares traded within a day’s range of ₹254.80 to ₹262.00, opening at ₹260.15 and closing at the same level.
The stock’s previous close was ₹260.15, with a trading volume of 2,06,537 shares. Over the past 52 weeks, the share price has fluctuated between ₹129.15 and ₹265.00, with a market capitalisation of ₹65,034 crore.
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The allotment of ₹1,050 crore NCDs reinforces L&T Finance Ltd’s funding strategy and provides a structured fixed-income instrument for investors. With secured debentures, a defined tenure, and annual coupon payments, the issuance contributes to the company’s financial planning and aligns with market regulations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Oct 10, 2025, 6:16 PM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
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