Published 1 month ago

L&T's Rs 7,500-Crore Fundraise To Refinance Maturing Debt: CFO

Summary by Ground News

Larsen & Toubro Ltd.'s Rs 7,500-crore fundraise will be used to refinance the maturing debt during the next financial year. The development comes after it spent Rs 10,000 crore on its share buyback last year. Shares of L&T were trading 1.41% higher at Rs 3,721.70 on the BSE.

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L&T's Rs 7,500-Crore Fundraise To Refinance Maturing Debt: CFO

Larsen & Toubro Ltd.'s Rs 7,500-crore fundraise will be used to refinance the maturing debt during the next financial year, Chief Financial Officer R Shankar Raman said on Wednesday.The engineering conglomerate's board has long-term borrowing of up to Rs 7,500 crore, including via external commercial borrowings, term loans, non-convertible debentures or any other instrument as may be appropriate, according to an exchange filing on Tuesday. The d…

1 month ago

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L&T's Rs 7,500-Crore Fundraise To Refinance Maturing Debt: CFO

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L&T's Rs 7,500-Crore Fundraise To Refinance Maturing Debt: CFO

L&T's Rs 7,500-Crore Fundraise To Refinance Maturing Debt: CFO

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