Bloomberg News

India’s L&T Finance Said to Plan 4 Billion Rupee Bond Sale

May 25, 2012

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:

To contact the reporter on this story: Anurag Joshi in Mumbai at ajoshi53@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus