L&T Finance gains on raising Rs 800 crore through NCDs
L&T Finance is currently trading at Rs. 264.05, up by 1.55 points or 0.59% from its previous closing of Rs. 262.50 on the BSE.
The scrip opened at Rs. 264.60 and has touched a high and low of Rs. 265.25 and Rs. 262.00 respectively. So far 48293 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 338.50 on 07-Jul-2026 and a 52 week low of Rs. 234.90 on 02-Apr-2026.
Last one week high and low of the scrip stood at Rs. 266.75 and Rs. 255.10 respectively. The current market cap of the company is Rs. 66319.39 crore.
The promoters holding in the company stood at 65.93%, while Institutions and Non-Institutions held 23.17% and 10.89% respectively.
L&T Finance has raised Rs 800 crore through the allotment of 80,000 subordinated, unsecured, rated, listed, redeemable, non-convertible debentures (NCDs) of the face value of Rs 1,00,000 on a private placement basis, in dematerialised form for cash, to the identified investors on October 12, 2026.
The NCDs carry a coupon rate of 8.57% per annum and will mature on October 10, 2036. The debentures are proposed to be listed on the Negotiated Trade Reporting Platform (NTRP) under New Debt Market of the National Stock Exchange of India (NSE).
