L&T Infrastructure Debt Fund plans to raise Rs 400 crore through issue of non-convertible bonds.
"The company intends to issue secured, redeemable, non-convertible bonds of the face value of Rs 25 lakh each, amounting to Rs 300 crore...on a private placement basis, L&T Infra Debt Fund said in a regulatory filing.
It said this will be with an option to retain over subscription of Rs 100 crore.
L&T Infra Debt Fund offers refinancing solutions to eligible borrowers in sectors like roads, ports, and airports.
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