L&T share price surges 3% on raising Rs 2,500 crore via NCDs

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L&T share price surges 3% on raising Rs 2,500 crore via NCDs
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Larsen & Toubro share value closed at Rs 876.65, rising 2.29% on BSE. The big cap inventory has been gaining for the final 4 days and risen 4.28% throughout the interval.

Larsen & Toubro share value gained practically 3% immediately after the conglomerate stated it has raised Rs 2,500 crore by issuance of non-convertible debentures (NCDs). The debentures will mature in April, 2025.

Share value of Larsen & Toubro (L&T) rose as much as 2.98%  to Rs 882 in comparison with the earlier shut of Rs 857 on BSE.

Larsen & Toubro share value closed at Rs 876.65, rising 2.29% on BSE. The big cap inventory has been gaining for the final 4 days and risen 4.28% throughout the interval.

It stands increased than 5-day and 20-day shifting averages however decrease than 50 day, 100 day and 200 day shifting averages.

“The Firm has immediately issued and allotted 25,000 7.70 per cent Rated Listed Unsecured Redeemable Non-Convertible Debentures of Rs 10 lakh every aggregating to Rs 2,500 crore which can mature on April 28, 2025,” the corporate stated submitting to the BSE.

The debentures are proposed to be listed on NSE, it stated.

The curiosity on can be paid on an annual foundation, it added.

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