L&T Finance Limited allotted 52 subordinated, unsecured non-convertible debentures (NCDs) on a private placement basis on September 29, 2026. The aggregate nominal value of the allotment stands at ₹52 crore.

Each NCD has a face value of ₹1 crore. The instruments are rated, listed, redeemable, and issued in dematerialised form for cash to identified investors. This issuance forms part of the company's strategy to raise capital for inclusion as Tier II Capital.

Terms of the Debentures

The NCDs carry a fixed annual coupon rate of 8.20%. The first coupon payment is scheduled for July 1, 2027, with subsequent payments made annually. The original tenor of the securities is 3,653 days, with a residual tenor of 3,563 days as of the allotment date. The final redemption date is set for July 1, 2036.

Regulatory Compliance and Structure

The allotment was executed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI master circular dated January 30, 2026, and SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The issue adheres to the General Information Document dated March 13, 2026, and Key Information Document dated September 24, 2026.

The base issue size for this tranche was ₹50 crore, with an option to retain oversubscription up to ₹250 crore, aggregating up to ₹300 crore. The actual allotment of ₹52 crore represents a slight oversubscription against the base size. The debentures are proposed to be listed on the Negotiated Trade Reporting Platform under the New Debt Market of the National Stock Exchange of India Limited.

What the Numbers Show

The coupon rate of 8.20% indicates the cost of debt for this specific Tier II capital instrument. Since these are subordinated debts, they rank below senior debt in the event of liquidation, typically commanding a higher yield than senior unsecured bonds. The maturity profile extends to 2036, providing long-term stability to the company's liability structure.

L&T Finance shares worth ₹23.03 crore were flagged by a real-time trade-scanning system after approximately 808,766 shares changed hands on the NSE at a price of ₹284.75.

This is a real-time large-trade signal, not a confirmed block or bulk deal. NSE/BSE publish official block and bulk deal reports only after market close — this trade may or may not appear there.

Trade details

The following table summarises the parameters of the flagged activity:

The signal reflects a cluster of trades in L&T Finance shares printed within a short window at or near ₹284.75, flagged for size and speed by the scanning system. This activity has not been confirmed or reported by the exchange as an official regulatory event.

No buyer, seller, broker, or client identity is known at this stage. Such information, if applicable, would only become available through the exchange's own post-market disclosures.

What this is, and isn't

This reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by a real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

A block deal has to be executed in the exchange's dedicated window (8:45–9:00am or 2:05–2:20pm), within a set price band, and above the current minimum order size (₹25 crore). A bulk deal is when one client's total trading in a stock crosses 0.5% of its equity in a single day — confirmed only once every trade that client made is added up.

Both are published by NSE/BSE after trading hours end, typically after 3:30pm — never before. If this trade qualifies as either, it will appear in the exchange's own report later today, not here first.