L&T Finance has allotted Non-Convertible Debentures (NCDs) worth ₹500 crore on April 21, 2026, through a private placement. The issue comprises 50,000 debentures with a face value of ₹1 lakh each.
These instruments are described as senior, secured, rated, listed, and redeemable. The allocation was made to identified investors in line with applicable regulatory provisions.
The offering was initially structured with a base size of ₹150 crore. A greenshoe option allowed the company to retain additional subscriptions of up to ₹350 crore.
With this, the total issue size reached ₹500 crore. The structure is indicative of the use of flexibility in private placements to scale the final allocation.
The debentures carry a tenor of 1,893 days, with maturity scheduled for June 27, 2031. The coupon rate is set at 7.7942% per annum.
The first coupon payment is due on June 27, 2026, followed by annual payments. The initial payout shows a shorter accrual period, after which regular yearly payments apply.
The NCDs are proposed to be listed on the Negotiated Trade Reporting Platform under the National Stock Exchange’s debt segment.
They are backed by a first-ranking charge on specified assets, including fixed deposits and standard receivables. The value of these assets is aligned with the outstanding principal and coupon obligations.
Interest payments are scheduled annually, while the principal will be repaid at maturity as a lump sum. Redemption is set at par value of ₹1 lakh per debenture.
In case of delay in servicing obligations, an additional interest of 2% per annum over the coupon rate will apply for the period of default.
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As of April 22, 2026, 10:25 am, L&T Finance Ltd share price was trading at ₹292.40, up 0.17% from the previous closing price.
The issuance outlines key terms including tenor, coupon structure, and security cover, with funds raised through a privately placed debt instrument.
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: Apr 22, 2026, 10:52 AM IST
Team Angel One
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