L&T Finance Ltd., the financial services unit of India’s biggest engineering company Larsen & Toubro Ltd. (LT), plans to sell as much as 4 billion rupees ($72 million) of bonds, according to a person familiar with the matter.
The notes will have a maturity of 18 months to two years, said the person, who asked not to be identified because the details are private.
Deepak Morada, a spokesman for Larsen & Toubro, wasn’t immediately available for a comment when called by mobile phone in Mumbai today.
With assistance from Karthikeyan Sundaram in New Delhi; Editor:
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