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L&T Finance to tap NCDs to raise Rs 500cr


BS Reporter / Mumbai February 05, 2010, 0:04 IST

L&T Finance, the financial services arm of engineering and construction major L&T, plans to issue retail bonds, its second retail issue in less than six months.

The company plans to raise up to Rs 500 crore through a non-convertible debenture (NCD) issue which will involve retail investors, according to sources.

L&T Finance is looking to sell three-year bonds and the issue is likely to be priced at around 8.5 per cent, according to sources.

L&T Finance raised Rs 1,000 crore through a retail NCD issue in September last year.


Its going to be a good investment. what do you think moneyvriksh?

I think it's an okok investment. Not too good, not bad. but yes , its completely safe and liquid

if i buy from L&T Finance NCD at the secondary market and sell them later at a loss, then do i qualify for long/short term capital loss?

is tds deducted from debentures interests? if so, how much tds is deducted