L & T finance is coming with public issue of 50,00,000 Secured Redeemable Non-Convertible Debentures to raise Rs.500 Crores with an option to retain over-subscription upto Rs.500 Crores for issuance of additional NCDs, aggregating upto a total of Rs.1,000 Crores
The following is a summary of the terms of the Issue. This summary should be read in
conjunction with, and is qualified in its entirety by, more detailed information in the
chapter titled “Terms of the Issue” beginning on page 143 of this Prospectus.
Common Terms of NCDs
Issuer L&T Finance Limited
Issue 50,00,000 NCDs of Rs.1,000/- each aggregating to Rs.500 Crores with an
option to retain over-subscription upto Rs.500 Crores for issuance of
additional NCDs, aggregating upto a total of Rs.1,000 Crores
Stock Exchanges
proposed for listing of
the NCDs
NSE
Issuance and trading In Demat form only
Depository NSDL and CDSL
Security Security will be created for the purpose of this Issue as per the Debenture
Trust - cum - Mortgage Deed. For further details, please refer to page 153 of
this Prospectus.
Rating(s) CARE AA+ by CARE and LAA+ by ICRA
Issue Schedule* Issue Opening Date: August 18, 2009 and Issue Closing Date:
September 04, 2009
Deemed Date of
Allotment
Deemed date of allotment shall be the date of issue of the letter of allotment /
regret, as the case may be
Settlement Please refer to the section titled “Terms of the Issue” beginning on page
143.
* The subscription list for the public issue shall remain open for subscription at the commencement of
banking hours and close at the close of banking hours on the dates indicated above or earlier on such date
as may be decided at the discretion of the Board / Committee of Directors of the Company, as the case may
be. In case of an earlier closure, the Company shall ensure that notice of atleast 3 days is given to the
investors which shall be communicated through advertisements.
The NCDs will be issued at a face value of Rs.1,000/- each.
The issue is opening on the 18th of August and closing on the 4th of September.For more Detail Visit
Avdhoot Investment