Larsen & Toubro Limited has made a regulatory disclosure pursuant to SEBI Listing Regulations 30 & 51 regarding the allotment of tokenised non-convertible debentures (NCDs).
Key Quantitative Figures
- Number of NCDs allotted: 50,000
- Face value per NCD: ₹1,00,000 (Rupees One Lakh)
- Total issue size: ₹500 crores
- Interest rate: 7.40% per annum
- Tenure: 3 years
Instrument Characteristics
- Type: Listed, Rated, Unsecured, Redeemable, Non-Convertible Tokenised Debentures
- Security: Unsecured (No charge/security created over assets)
- Special features: Issued in tokenised form on NSDL's Distributed Ledger Technology (DLT)-based platform
- Special rights/privileges: None, except the tokenisation feature
Listing and Regulatory Compliance
The debentures are proposed to be listed on the National Stock Exchange of India Limited (NSE) in the Debt Segment. The disclosure is made pursuant to SEBI Listing Regulations and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Redemption and Payment Terms
The NCDs will be redeemed upon maturity through NSDL's Distributed Ledger Technology platform. Interest will be paid annually, and there are no reported delays or defaults in payment as the instrument was just allotted.