L&T Finance
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MUMBAI, July 6 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth an aggregate of 10 billion rupees ($104.83 million) for the reissue of the 7.7942% June 2031 bond and a fresh issue of the three-year and three-month tenor, three bankers said on Monday.
The non-banking financial company will offer a yield of 7.98% on the reissue and a coupon of 7.85% on the fresh issue, and had invited bids for both earlier in the day.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance June 2031 reissue | 5 years | 7.98 (yield) | 5 | July 6 | AAA (Crisil, Care) |
L&T Finance | 3 years and 3 months | 7.85 | 5 | July 6 | AAA (Crisil, Care) |
Jio Credit | 3 years | 7.78 | 10 | July 6 | AAA (Crisil, Care) |
Bajaj Housing Finance | 3 years and 3 months | 7.53 | 15 | July 6 | AAA (Crisil) |
Tata Capital June 2027 reissue | 2 years and 11 months | 7.78 (yield) | 7.50+2.50 | July 6 | AAA (Crisil, Icra |
Tata Capital | 5 years | 7.88 | 17.50+10 | July 6 | AAA (Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.3950 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, July 6 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth an aggregate of 10 billion rupees ($104.83 million) for the reissue of the 7.7942% June 2031 bond and a fresh issue of the three-year and three-month tenor, three bankers said on Monday.
The non-banking financial company will offer a yield of 7.98% on the reissue and a coupon of 7.85% on the fresh issue, and had invited bids for both earlier in the day.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance June 2031 reissue | 5 years | 7.98 (yield) | 5 | July 6 | AAA (Crisil, Care) |
L&T Finance | 3 years and 3 months | 7.85 | 5 | July 6 | AAA (Crisil, Care) |
Jio Credit | 3 years | 7.78 | 10 | July 6 | AAA (Crisil, Care) |
Bajaj Housing Finance | 3 years and 3 months | 7.53 | 15 | July 6 | AAA (Crisil) |
Tata Capital June 2027 reissue | 2 years and 11 months | 7.78 (yield) | 7.50+2.50 | July 6 | AAA (Crisil, Icra |
Tata Capital | 5 years | 7.88 | 17.50+10 | July 6 | AAA (Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.3950 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
July 3 (Reuters) - L&T Finance Ltd LTFL.NS:
LT FINANCE - Q1 RETAIL DISBURSEMENTS UP 36% YOY
Further company coverage: LTFL.NS
(([email protected];))
July 3 (Reuters) - L&T Finance Ltd LTFL.NS:
LT FINANCE - Q1 RETAIL DISBURSEMENTS UP 36% YOY
Further company coverage: LTFL.NS
(([email protected];))
MUMBAI, June 15 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 15 billion rupees ($158.42 million) for bonds maturing in three years, three bankers said on Monday.
It will pay a coupon of 7.95% and had invited bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 8.12 | 15 | June 12 | AAA (Crisil, Care) |
Sundaram Finance | 3 years and 2 months | 7.95 | 12.60 | June 12 | AAA (Crisil) |
LIC Housing | 5 years | 7.59 | 11.50 | June 12 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 94.6850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, June 15 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 15 billion rupees ($158.42 million) for bonds maturing in three years, three bankers said on Monday.
It will pay a coupon of 7.95% and had invited bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 8.12 | 15 | June 12 | AAA (Crisil, Care) |
Sundaram Finance | 3 years and 2 months | 7.95 | 12.60 | June 12 | AAA (Crisil) |
LIC Housing | 5 years | 7.59 | 11.50 | June 12 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 94.6850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
By Dharamraj Dhutia
MUMBAI, June 11 (Reuters) - Indian companies are rushing to raise short-term debt after the central bank's measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said.
Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds this week, the bankers said. The supply is one-third of what was raised in April and May, according to Reuters data.
The Reserve Bank of India on Friday announced a raft of measures aimed at drawing dollars into the country, including raising subsidised deposits and incentivising banks and state-run companies to raise funds overseas.
This has pushed corporate borrowing costs lower by 40-45 basis points, per LSEG benchmark 'AAA'-rated corporate bond yields of up to five years, while the spread over government bonds has narrowed.
Corporate bond yields had risen to their highest in seven years in May.
A rise in overseas borrowings could reduce the need for local debt supply, leading to a rally in bonds below five years, said Ajay Marwaha, head of fixed income markets at global wealth firm Nuvama.
State-run REC raised three-year funds at a coupon of 7.34% earlier this week, much lower than prevailing levels in the secondary market. NABARD, another state-run financial institution, raised funds for three years at 7.34% after cancelling a similar issue in May where rates could have touched nearly 8%.
Other major non-bank lenders lining up debt sales include Bajaj Finance BJFN.NS, Muthoot Finance MUTT.NS, Bajaj Housing Finance BAJO.NS and L&T Finance LTFL.NS, with planned issuances of 85 billion rupees, 27.5 billion rupees, 20 billion rupees and 15 billion rupees, respectively.
Despite the recent rally in bonds, investor appetite remains strong on expectations of further gains.
"Investors with a more than 18-month investment horizon are looking at corporate bond funds that present an attractive investment opportunity from a relative risk-reward perspective," said Puneet Pal, head of fixed income at PGIM India Asset Management.
($1 = 95.6950 Indian rupees)
India's shorter duration corporate bond yields tumble after RBI's FX measures https://reut.rs/4eyWol0
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, June 11 (Reuters) - Indian companies are rushing to raise short-term debt after the central bank's measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said.
Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds this week, the bankers said. The supply is one-third of what was raised in April and May, according to Reuters data.
The Reserve Bank of India on Friday announced a raft of measures aimed at drawing dollars into the country, including raising subsidised deposits and incentivising banks and state-run companies to raise funds overseas.
This has pushed corporate borrowing costs lower by 40-45 basis points, per LSEG benchmark 'AAA'-rated corporate bond yields of up to five years, while the spread over government bonds has narrowed.
Corporate bond yields had risen to their highest in seven years in May.
A rise in overseas borrowings could reduce the need for local debt supply, leading to a rally in bonds below five years, said Ajay Marwaha, head of fixed income markets at global wealth firm Nuvama.
State-run REC raised three-year funds at a coupon of 7.34% earlier this week, much lower than prevailing levels in the secondary market. NABARD, another state-run financial institution, raised funds for three years at 7.34% after cancelling a similar issue in May where rates could have touched nearly 8%.
Other major non-bank lenders lining up debt sales include Bajaj Finance BJFN.NS, Muthoot Finance MUTT.NS, Bajaj Housing Finance BAJO.NS and L&T Finance LTFL.NS, with planned issuances of 85 billion rupees, 27.5 billion rupees, 20 billion rupees and 15 billion rupees, respectively.
Despite the recent rally in bonds, investor appetite remains strong on expectations of further gains.
"Investors with a more than 18-month investment horizon are looking at corporate bond funds that present an attractive investment opportunity from a relative risk-reward perspective," said Puneet Pal, head of fixed income at PGIM India Asset Management.
($1 = 95.6950 Indian rupees)
India's shorter duration corporate bond yields tumble after RBI's FX measures https://reut.rs/4eyWol0
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
(([email protected];))
April 24 (Reuters) - L&T Finance Ltd LTFL.NS:
Q4 CONSOL NET PROFIT 8.07 BILLION RUPEES
Q4 CONSOL TOTAL REVENUE FROM OPERATIONS 47.71 BILLION RUPEES
DIVIDEND 2.75 RUPEES PER SHARE
APPROVES ENTRY INTO PRE-PAID INSTRUMENTS BUSINESS AND THIRD-PARTY APPLICATION PROVIDER
APPROVES ISSUANCE OF PREFERENCE SHARES UP TO 60.12 BLN RUPEES IN FY2026-27
APPROVED RAISING OF FUNDS BY ISSUANCE OF NON-CONVERTIBLE DEBENTURES IN TRANCHES
Source text: ID:nnAZN4SSM8J
Further company coverage: LTFL.NS
(([email protected];;))
April 24 (Reuters) - L&T Finance Ltd LTFL.NS:
Q4 CONSOL NET PROFIT 8.07 BILLION RUPEES
Q4 CONSOL TOTAL REVENUE FROM OPERATIONS 47.71 BILLION RUPEES
DIVIDEND 2.75 RUPEES PER SHARE
APPROVES ENTRY INTO PRE-PAID INSTRUMENTS BUSINESS AND THIRD-PARTY APPLICATION PROVIDER
APPROVES ISSUANCE OF PREFERENCE SHARES UP TO 60.12 BLN RUPEES IN FY2026-27
APPROVED RAISING OF FUNDS BY ISSUANCE OF NON-CONVERTIBLE DEBENTURES IN TRANCHES
Source text: ID:nnAZN4SSM8J
Further company coverage: LTFL.NS
(([email protected];;))
MUMBAI, April 21 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 5 billion rupees ($53.6 million) for bonds maturing in five years and two months, three bankers said on Tuesday.
It will pay an annual coupon of 7.7942% and had invited bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 5 years and 2 months | 7.7942 | 5 | April 20 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 93.3275 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 21 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 5 billion rupees ($53.6 million) for bonds maturing in five years and two months, three bankers said on Tuesday.
It will pay an annual coupon of 7.7942% and had invited bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 5 years and 2 months | 7.7942 | 5 | April 20 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 93.3275 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 20 (Reuters) - India's L&T Finance LTFL.NS is set to raise up to 5 billion rupees ($53.86 million), including a greenshoe option of 3.5 billion rupees, through the sale of bonds maturing in five years and two months, three bankers said on Monday.
It has invited coupon and commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 5 years and 2 months | To be decided | 1.5+3.5 | April 20 | AAA(Crisil, Care) |
Nabard Jul 2029 reissue | 3 years and 3 months | To be decided | 20+50 | April 21 | AAA (Icra, Crisil) |
Manappuram Finance | 3 years | 8.60 | 5.25 | April 17 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 92.8375 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, April 20 (Reuters) - India's L&T Finance LTFL.NS is set to raise up to 5 billion rupees ($53.86 million), including a greenshoe option of 3.5 billion rupees, through the sale of bonds maturing in five years and two months, three bankers said on Monday.
It has invited coupon and commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 5 years and 2 months | To be decided | 1.5+3.5 | April 20 | AAA(Crisil, Care) |
Nabard Jul 2029 reissue | 3 years and 3 months | To be decided | 20+50 | April 21 | AAA (Icra, Crisil) |
Manappuram Finance | 3 years | 8.60 | 5.25 | April 17 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 92.8375 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
** Shares of L&T Finance LTFL.NS rise as much as 3.9% to 249.8 rupees
** Co reports retail disbursements for March-qtr at 240.8 bln rupees ($2.59 bln), up 62% y/y
** Adds, retail loan book as at March 31 grew 26% y/y
** Analysts' mean rating on stock is 'buy'; median PT is 325 rupees - data compiled by LSEG
** LTFL last up 2.9%, cutting YTD losses to 23.9%
($1 = 92.8350 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of L&T Finance LTFL.NS rise as much as 3.9% to 249.8 rupees
** Co reports retail disbursements for March-qtr at 240.8 bln rupees ($2.59 bln), up 62% y/y
** Adds, retail loan book as at March 31 grew 26% y/y
** Analysts' mean rating on stock is 'buy'; median PT is 325 rupees - data compiled by LSEG
** LTFL last up 2.9%, cutting YTD losses to 23.9%
($1 = 92.8350 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
April 3 (Reuters) - L&T Finance Ltd LTFL.NS:
Q4 RETAIL DISBURSEMENTS UP 62% YOY
Source text: ID:nBSEbn0djD
Further company coverage: LTFL.NS
(([email protected];;))
April 3 (Reuters) - L&T Finance Ltd LTFL.NS:
Q4 RETAIL DISBURSEMENTS UP 62% YOY
Source text: ID:nBSEbn0djD
Further company coverage: LTFL.NS
(([email protected];;))
By Bharath Rajeswaran
Feb 11 (Reuters) - Global index provider MSCI added financial services firms Aditya Birla Capital ADTB.NS and L&T Finance LTFL.NS to its widely tracked Global Standard Index, while removing state-run Indian Railway Catering and Tourism Corporation (IRCTC) in a periodic reshuffle.
The changes, disclosed on Wednesday, will take effect on February 27.
MSCI indexes serve as globally recognised benchmarks tracked by large passive funds, implying that inclusions typically attract fresh capital inflows, while removals usually entail outflows.
Following the rejig, the number of Indian companies in the MSCI Global Standard Index will rise to 165 from 164. However, India's overall weight in the index will remain steady at 14.1%, according to Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.
Nuvama estimates that Aditya Birla Capital and L&T Finance could see passive inflows of approximately $257 million and $238 million, respectively. In contrast, IRCTC is expected to face outflows of about $141.6 million.
AU Small Finance Bank AUFI.NS, a retail-focused lender, is likely to receive around $172 million in inflows due to an increase in its index weight, according to Nuvama.
MSCI also made significant changes to its Small Cap Index, reducing the number of Indian constituents to 480 from 508. India's small-cap index .NIFSMCP100 has declined 7% since the start of 2025, underperforming broader benchmarks.
The reshuffle comes amid continued pressure on India's small-cap stocks, where concerns over stretched valuations and earnings sustainability have weighed on sentiment.
While L&T Finance graduated from the Small Cap Index to the Global Standard Index, 34 companies including Dilip Buildcon DIBL.NS, Zaggle Prepaid ZAGG.NS, Sterlite Technologies STTE.NS, and KNR Constructions KNRL.NS were removed.
On the other hand, seven Indian firms, including renewable energy player Premier Energies PEME.NS, depository services provider National Securities Depository NATS.BO, pharmaceutical company Emcure Pharma EMCU.NS and cement manufacturer JSW Cement JSWC.NS were added to the Small Cap Index.
MSCI adds two Indian firms to its global standard index in February rejig https://reut.rs/4tv4XTm
Major additions and deletions of Indian stocks in MSCI Small Cap index https://reut.rs/4tsVlbF
India's small-cap stocks underperform the benchmarks since the start of 2025 https://reut.rs/3O1i66D
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 9769003463;))
By Bharath Rajeswaran
Feb 11 (Reuters) - Global index provider MSCI added financial services firms Aditya Birla Capital ADTB.NS and L&T Finance LTFL.NS to its widely tracked Global Standard Index, while removing state-run Indian Railway Catering and Tourism Corporation (IRCTC) in a periodic reshuffle.
The changes, disclosed on Wednesday, will take effect on February 27.
MSCI indexes serve as globally recognised benchmarks tracked by large passive funds, implying that inclusions typically attract fresh capital inflows, while removals usually entail outflows.
Following the rejig, the number of Indian companies in the MSCI Global Standard Index will rise to 165 from 164. However, India's overall weight in the index will remain steady at 14.1%, according to Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.
Nuvama estimates that Aditya Birla Capital and L&T Finance could see passive inflows of approximately $257 million and $238 million, respectively. In contrast, IRCTC is expected to face outflows of about $141.6 million.
AU Small Finance Bank AUFI.NS, a retail-focused lender, is likely to receive around $172 million in inflows due to an increase in its index weight, according to Nuvama.
MSCI also made significant changes to its Small Cap Index, reducing the number of Indian constituents to 480 from 508. India's small-cap index .NIFSMCP100 has declined 7% since the start of 2025, underperforming broader benchmarks.
The reshuffle comes amid continued pressure on India's small-cap stocks, where concerns over stretched valuations and earnings sustainability have weighed on sentiment.
While L&T Finance graduated from the Small Cap Index to the Global Standard Index, 34 companies including Dilip Buildcon DIBL.NS, Zaggle Prepaid ZAGG.NS, Sterlite Technologies STTE.NS, and KNR Constructions KNRL.NS were removed.
On the other hand, seven Indian firms, including renewable energy player Premier Energies PEME.NS, depository services provider National Securities Depository NATS.BO, pharmaceutical company Emcure Pharma EMCU.NS and cement manufacturer JSW Cement JSWC.NS were added to the Small Cap Index.
MSCI adds two Indian firms to its global standard index in February rejig https://reut.rs/4tv4XTm
Major additions and deletions of Indian stocks in MSCI Small Cap index https://reut.rs/4tsVlbF
India's small-cap stocks underperform the benchmarks since the start of 2025 https://reut.rs/3O1i66D
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 9769003463;))
** In 2025, non-bank lender L&T Finance LTFL.NS set to be top pct gainer on Nifty mid-cap .NIFMDCP100 index
** YTD, LTFL soars 131% on back of strong earnings and supportive policies vs mid-cap index's 6% gain
** Miner Hindustan Copper HCPR.NS set to be top pct gainer on small-cap .NIFSMCP100 index
** YTD, HCPR surges 110% tracking record high copper prices on firm demand signals from China, supply concerns vs small-cap index's 6% drop
** Nifty 50 .NSEI gains 10.3% YTD
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** In 2025, non-bank lender L&T Finance LTFL.NS set to be top pct gainer on Nifty mid-cap .NIFMDCP100 index
** YTD, LTFL soars 131% on back of strong earnings and supportive policies vs mid-cap index's 6% gain
** Miner Hindustan Copper HCPR.NS set to be top pct gainer on small-cap .NIFSMCP100 index
** YTD, HCPR surges 110% tracking record high copper prices on firm demand signals from China, supply concerns vs small-cap index's 6% drop
** Nifty 50 .NSEI gains 10.3% YTD
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Oct 15 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE Q2 CONSOL NET PROFIT 7.35 BILLION RUPEES
L&T FINANCE Q2 CONSOL TOTAL REVENUE FROM OPERATIONS 43.36 BILLION RUPEES
Source text: [ID:]
Further company coverage: LTFL.NS
Oct 15 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE Q2 CONSOL NET PROFIT 7.35 BILLION RUPEES
L&T FINANCE Q2 CONSOL TOTAL REVENUE FROM OPERATIONS 43.36 BILLION RUPEES
Source text: [ID:]
Further company coverage: LTFL.NS
MUMBAI, Oct 10 (Reuters) - India's L&T Finance accepts bids worth 10.5 billion rupees ($118.38 million) for the sale of bonds maturing in three years and one month, three bankers said on Friday.
It will pay a coupon of 7.2190% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years and 1 month | 7.2190 | 10.5 | October 9 | AAA (Crisil) |
Piramal Finance | 2 years | 8.75 | 25 | October 10 | Aa (Care) |
*Size includes base plus greenshoe for some issues
($1 = 88.6950 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, Oct 10 (Reuters) - India's L&T Finance accepts bids worth 10.5 billion rupees ($118.38 million) for the sale of bonds maturing in three years and one month, three bankers said on Friday.
It will pay a coupon of 7.2190% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years and 1 month | 7.2190 | 10.5 | October 9 | AAA (Crisil) |
Piramal Finance | 2 years | 8.75 | 25 | October 10 | Aa (Care) |
*Size includes base plus greenshoe for some issues
($1 = 88.6950 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, Oct 8 (Reuters) - India's L&T Finance plans to raise up to 11 billion rupees ($123.97 million), including a greenshoe option of 5.5 billion rupees, through the sale of bonds maturing in three years and one month, three bankers said on Wednesday.
It will pay a coupon of 7.2190% and has invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years and 1 month | 7.2190 | 5.5+5.5 | October 9 | AAA (Crisil) |
Adani Enterprises | 2 year and 6 months | 8.70 (semi-annual) | 10 | October 7 | AA- (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 88.7340 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Ronojoy Mazumdar)
MUMBAI, Oct 8 (Reuters) - India's L&T Finance plans to raise up to 11 billion rupees ($123.97 million), including a greenshoe option of 5.5 billion rupees, through the sale of bonds maturing in three years and one month, three bankers said on Wednesday.
It will pay a coupon of 7.2190% and has invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years and 1 month | 7.2190 | 5.5+5.5 | October 9 | AAA (Crisil) |
Adani Enterprises | 2 year and 6 months | 8.70 (semi-annual) | 10 | October 7 | AA- (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 88.7340 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Ronojoy Mazumdar)
MUMBAI, Aug 11 (Reuters) - India's L&T Finance plans to raise 10 billion rupees ($114.23 million), including a greenshoe option of 7.5 billion rupees, through the sale of bonds maturing in two years and seven months, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 years and 7 months | To be decided | 2.5+7.5 | August 12 | AAA (Crisil) |
Torrent Investments | 3 years | 7.90 | 7.50 | August 18 | AA+ (Crisil) |
Torrent Investments | 4 years | 7.96 | 7.50 | August 18 | AA+ (Crisil) |
Torrent Investments | 5 years | 8.03 | 10 | August 18 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.5400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, Aug 11 (Reuters) - India's L&T Finance plans to raise 10 billion rupees ($114.23 million), including a greenshoe option of 7.5 billion rupees, through the sale of bonds maturing in two years and seven months, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 years and 7 months | To be decided | 2.5+7.5 | August 12 | AAA (Crisil) |
Torrent Investments | 3 years | 7.90 | 7.50 | August 18 | AA+ (Crisil) |
Torrent Investments | 4 years | 7.96 | 7.50 | August 18 | AA+ (Crisil) |
Torrent Investments | 5 years | 8.03 | 10 | August 18 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.5400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
** India's L&T Finance LTFL.NS rises ~3.5% to 210.42 rupees, among top two mid-cap .NIFMDCP100 gainers
** The non-bank lender posts higher first-quarter profit, driven by lower cost of funds
** Asset quality largely stable despite it being a seasonally weak quarter, which is a key positive, says Motilal Oswal Financial Services
** Analysts and investors to closely watch for co's commentary in post-earnings call scheduled for later in the day
** On average, 17 analysts recommend "buy' rating on stock, median PT at 215 rupees, as per LSEG data
** YTD, LTFL up 55%
(Reporting by Vivek Kumar M)
(([email protected];))
** India's L&T Finance LTFL.NS rises ~3.5% to 210.42 rupees, among top two mid-cap .NIFMDCP100 gainers
** The non-bank lender posts higher first-quarter profit, driven by lower cost of funds
** Asset quality largely stable despite it being a seasonally weak quarter, which is a key positive, says Motilal Oswal Financial Services
** Analysts and investors to closely watch for co's commentary in post-earnings call scheduled for later in the day
** On average, 17 analysts recommend "buy' rating on stock, median PT at 215 rupees, as per LSEG data
** YTD, LTFL up 55%
(Reporting by Vivek Kumar M)
(([email protected];))
July 18 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE JUNE-QUARTER CONSOL NET PROFIT 7.01 BILLION RUPEES
L&T FINANCE LTD JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 42.60 BILLION RUPEES
Source text: ID:nBSE9Pkk5h
Further company coverage: LTFL.NS
(([email protected];))
July 18 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE JUNE-QUARTER CONSOL NET PROFIT 7.01 BILLION RUPEES
L&T FINANCE LTD JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 42.60 BILLION RUPEES
Source text: ID:nBSE9Pkk5h
Further company coverage: LTFL.NS
(([email protected];))
MUMBAI, July 14 (Reuters) - India's L&T Finance LTFL.NS accepted bids worth 10 billion rupees ($116.31 million) for bonds maturing in two years, three merchant bankers said on Monday.
The company will pay an annual coupon of 7.12% and invited bids from bankers and investors earlier in the day, the bankers said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 years | 7.12 | 10 | July 14 | AAA (India Ratings, Crisil) |
Poonawalla Fincorp | 2 years and 2 months | 7.5285 | 7.8 | July 14 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 85.9750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 14 (Reuters) - India's L&T Finance LTFL.NS accepted bids worth 10 billion rupees ($116.31 million) for bonds maturing in two years, three merchant bankers said on Monday.
The company will pay an annual coupon of 7.12% and invited bids from bankers and investors earlier in the day, the bankers said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 years | 7.12 | 10 | July 14 | AAA (India Ratings, Crisil) |
Poonawalla Fincorp | 2 years and 2 months | 7.5285 | 7.8 | July 14 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 85.9750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 11 (Reuters) - India's L&T Finance LTFL.NS plans to raise 10 billion rupees ($116.6 million), which includes a greenshoe option of 5 billion rupees, through a sale of bonds maturing in two years, two merchant bankers said on Friday.
The company will pay an annual coupon of 7.12% and has invited bids from bankers and investors on Monday, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 years | 7.12 | 5+5 | July 14 | AAA (India Ratings, Crisil) |
Tata Capital | 2 years and 2 months | To be decided | 10+5 | July 14 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.7490 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, July 11 (Reuters) - India's L&T Finance LTFL.NS plans to raise 10 billion rupees ($116.6 million), which includes a greenshoe option of 5 billion rupees, through a sale of bonds maturing in two years, two merchant bankers said on Friday.
The company will pay an annual coupon of 7.12% and has invited bids from bankers and investors on Monday, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 years | 7.12 | 5+5 | July 14 | AAA (India Ratings, Crisil) |
Tata Capital | 2 years and 2 months | To be decided | 10+5 | July 14 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.7490 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
** Shares of L&T Finance LTFL.NS rise nearly 3% to hit record high of 209.8 rupees; previous high 209.6 rupees
** Financial services provider reports new loans and total outstanding loans grew nearly 18% each in Q1
** Adds, portfolio retailisation, which makes investment funds more accessible to retail investors, estimated at about 98%, up from 95% a year earlier
** LTFL up 54% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of L&T Finance LTFL.NS rise nearly 3% to hit record high of 209.8 rupees; previous high 209.6 rupees
** Financial services provider reports new loans and total outstanding loans grew nearly 18% each in Q1
** Adds, portfolio retailisation, which makes investment funds more accessible to retail investors, estimated at about 98%, up from 95% a year earlier
** LTFL up 54% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
July 3 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD - RETAIL DISBURSEMENTS ESTIMATED AT 175.10 BILLION RUPEES FOR Q1FY2025-26
L&T FINANCE LTD - RETAIL LOAN BOOK ESTIMATED AT 998 BILLION RUPEES FOR Q1FY2025-26
L&T FINANCE LTD - RETAILISATION OF PORTFOLIO ESTIMATED AT 98% FOR Q1FY2025-26
Source text: ID:nBSE58h0sd
Further company coverage: LTFL.NS
(([email protected];;))
July 3 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD - RETAIL DISBURSEMENTS ESTIMATED AT 175.10 BILLION RUPEES FOR Q1FY2025-26
L&T FINANCE LTD - RETAIL LOAN BOOK ESTIMATED AT 998 BILLION RUPEES FOR Q1FY2025-26
L&T FINANCE LTD - RETAILISATION OF PORTFOLIO ESTIMATED AT 98% FOR Q1FY2025-26
Source text: ID:nBSE58h0sd
Further company coverage: LTFL.NS
(([email protected];;))
MUMBAI, June 24 (Reuters) - India's L&T Finance LTFL.NS plans to raise 5 billion rupees ($58.05 million), which includes a greenshoe option of 3.50 billion rupees, through sale of zero-coupon bonds maturing in three years and three months, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 year and 3 months | 7.20 (yield) | 1.50+3.50 | June 25 | AAA (India Ratings, Crisil |
*Size includes base plus greenshoe for some issues
($1 = 86.1310 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, June 24 (Reuters) - India's L&T Finance LTFL.NS plans to raise 5 billion rupees ($58.05 million), which includes a greenshoe option of 3.50 billion rupees, through sale of zero-coupon bonds maturing in three years and three months, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 year and 3 months | 7.20 (yield) | 1.50+3.50 | June 25 | AAA (India Ratings, Crisil |
*Size includes base plus greenshoe for some issues
($1 = 86.1310 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, June 11 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 17.55 billion rupees ($205.32 million) for three-year bonds and the reissue of 7.2092% June 2027 bonds, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors earlier in the day, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 7.23 | 9 | June 11 | AAA (India Ratings, Icra) |
L&T Finance June 2027 reissue | 2 years | 7.1495 (yield) | 8.55 | June 11 | AAA (India Ratings, Icra) |
Tata Capital Housing May 2030 reissue | 4 year and 11 months | 6.9003 (yield) | 4.50 | June 11 | AAA (Crisil) |
REC | 1 year and 10 months | 6.37 | 30 | June 11 | AAA (Crisil, Icra, Care) |
REC | 4 year and 7 months | 6.70 | 19.23 | June 11 | AAA (Crisil, Icra, Care) |
Bajaj Housing Finance | 2 years and 2 months | 6.90 | 10 | June 11 | AAA (Crisil) |
Bajaj Housing Finance | 5 years | 7.08 | 25 | June 11 | AAA (Crisil) |
Poonawalla Fincorp | 3 years and 3 months | 7.58% | 5 | June 11 | AAA (Crisil) |
NTPC | 10 years | To be decided | 7+33 | June 13 | AAA (Crisil, Icra, Care) |
Muthoot Finance May 2028 reissue | 3 years | 8.10 (yield) | 8.60 | June 10 | AA+ (Crisil, Icra) |
Muthoot Finance April 2030 reissue | 4 years and 11 months | 8.20 (yield) | 1.75 | June 10 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.4780 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, June 11 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 17.55 billion rupees ($205.32 million) for three-year bonds and the reissue of 7.2092% June 2027 bonds, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors earlier in the day, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 7.23 | 9 | June 11 | AAA (India Ratings, Icra) |
L&T Finance June 2027 reissue | 2 years | 7.1495 (yield) | 8.55 | June 11 | AAA (India Ratings, Icra) |
Tata Capital Housing May 2030 reissue | 4 year and 11 months | 6.9003 (yield) | 4.50 | June 11 | AAA (Crisil) |
REC | 1 year and 10 months | 6.37 | 30 | June 11 | AAA (Crisil, Icra, Care) |
REC | 4 year and 7 months | 6.70 | 19.23 | June 11 | AAA (Crisil, Icra, Care) |
Bajaj Housing Finance | 2 years and 2 months | 6.90 | 10 | June 11 | AAA (Crisil) |
Bajaj Housing Finance | 5 years | 7.08 | 25 | June 11 | AAA (Crisil) |
Poonawalla Fincorp | 3 years and 3 months | 7.58% | 5 | June 11 | AAA (Crisil) |
NTPC | 10 years | To be decided | 7+33 | June 13 | AAA (Crisil, Icra, Care) |
Muthoot Finance May 2028 reissue | 3 years | 8.10 (yield) | 8.60 | June 10 | AA+ (Crisil, Icra) |
Muthoot Finance April 2030 reissue | 4 years and 11 months | 8.20 (yield) | 1.75 | June 10 | AA+ (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.4780 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, June 10 (Reuters) - India's L&T Finance LTFL.NS plans to raise 18 billion rupees ($210.43 million), which includes 15 billion rupees of a greenshoe option, through sale three-year bonds and reissue of 7.2092% June 2027 bonds, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 7.23 | 1.50+7.50 | June 11 | AAA (India Ratings, Icra) |
L&T Finance June 2027 reissue | 2 years | To be decided | 1.50+7.50 | June 11 | AAA (India Ratings, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.5410 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
MUMBAI, June 10 (Reuters) - India's L&T Finance LTFL.NS plans to raise 18 billion rupees ($210.43 million), which includes 15 billion rupees of a greenshoe option, through sale three-year bonds and reissue of 7.2092% June 2027 bonds, two merchant bankers said on Tuesday.
The company has invited bids from bankers and investors on Wednesday, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 7.23 | 1.50+7.50 | June 11 | AAA (India Ratings, Icra) |
L&T Finance June 2027 reissue | 2 years | To be decided | 1.50+7.50 | June 11 | AAA (India Ratings, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.5410 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
June 9 (Reuters) - L&T Finance Ltd LTFL.NS:
COMPLETES ACQUISITION OF PAUL MERCHANTS FINANCE'S GOLD LOAN BUSINESS
Source text: ID:nnAZN3Y7IJW
Further company coverage: LTFL.NS
(([email protected];;))
June 9 (Reuters) - L&T Finance Ltd LTFL.NS:
COMPLETES ACQUISITION OF PAUL MERCHANTS FINANCE'S GOLD LOAN BUSINESS
Source text: ID:nnAZN3Y7IJW
Further company coverage: LTFL.NS
(([email protected];;))
MUMBAI, May 23 (Reuters) - India's L&T Finance LTFL.NS plans to raise 15 billion rupees ($174.75 million), which includes a greenshoe option of 5 billion rupees through sale of bonds maturing in two year and one month and reissue of 7.59% June 2028 bonds, three bankers said on Friday.
The company has invited bids from bankers and investors on Monday, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 year and 1 month | 7.21 | 5+2.50 | May 26 | AAA (India Ratings, Icra) |
L&T Finance | 3 year and 1 month | To be decided | 5+2.50 | May 26 | AAA (India Ratings, Icra) |
Aditya Birla Capital | 2 years and 9 months | 7.38 | 5+7.50 | May 23 | AAA(Crisil) |
Aditya Birla Capital | 4 years and 6 months | 7.47 | 2+6 | May 23 | AAA(Crisil) |
Aditya Birla Capital | 2 years and 7 months | To be decided | 2+5.50 | May 23 | AAA (Crisil) |
Aditya Birla Capital | 4 years and 9 months | To be decided | 2+5 | May 23 | AAA (Crisil) |
HDB Financial Services | 3 years | To be decided | 15 | May 23 | AAA (Crisil, Care) |
HDB Financial Services | 5 years | To be decided | 1 | May 23 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.8350 Indian rupees)
(Reporting by Dharamraj Dhutia;Editing by Nivedita Bhattacharjee)
MUMBAI, May 23 (Reuters) - India's L&T Finance LTFL.NS plans to raise 15 billion rupees ($174.75 million), which includes a greenshoe option of 5 billion rupees through sale of bonds maturing in two year and one month and reissue of 7.59% June 2028 bonds, three bankers said on Friday.
The company has invited bids from bankers and investors on Monday, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 2 year and 1 month | 7.21 | 5+2.50 | May 26 | AAA (India Ratings, Icra) |
L&T Finance | 3 year and 1 month | To be decided | 5+2.50 | May 26 | AAA (India Ratings, Icra) |
Aditya Birla Capital | 2 years and 9 months | 7.38 | 5+7.50 | May 23 | AAA(Crisil) |
Aditya Birla Capital | 4 years and 6 months | 7.47 | 2+6 | May 23 | AAA(Crisil) |
Aditya Birla Capital | 2 years and 7 months | To be decided | 2+5.50 | May 23 | AAA (Crisil) |
Aditya Birla Capital | 4 years and 9 months | To be decided | 2+5 | May 23 | AAA (Crisil) |
HDB Financial Services | 3 years | To be decided | 15 | May 23 | AAA (Crisil, Care) |
HDB Financial Services | 5 years | To be decided | 1 | May 23 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.8350 Indian rupees)
(Reporting by Dharamraj Dhutia;Editing by Nivedita Bhattacharjee)
MUMBAI, April 11 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth an aggregate of 10 billion rupees ($116.2 million) for multiple tenor bonds, three bankers said on Friday.
The company will reissue 7.7989% March 2030 bonds at a yield of 7.5904%, and will sell fresh three-year and two-month bonds at a coupon of 7.5934%, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years and 2 months | 7.5934 | 5 | April 11 | AAA (India Ratings, Icra) |
L&T Finance March 2030 reissue | 5 years | 7.5904 (yield) | 5 | April 11 | AAA (Care, Icra) |
Power Grid Corp | 10 years | 6.94 | 60 | April 11 | AAA (Crisil, Care, Icra) |
Toyota Financial Services | 3 years and 2 months | To be decided | 5 | April 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.0675 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, April 11 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth an aggregate of 10 billion rupees ($116.2 million) for multiple tenor bonds, three bankers said on Friday.
The company will reissue 7.7989% March 2030 bonds at a yield of 7.5904%, and will sell fresh three-year and two-month bonds at a coupon of 7.5934%, they said.
L&T Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years and 2 months | 7.5934 | 5 | April 11 | AAA (India Ratings, Icra) |
L&T Finance March 2030 reissue | 5 years | 7.5904 (yield) | 5 | April 11 | AAA (Care, Icra) |
Power Grid Corp | 10 years | 6.94 | 60 | April 11 | AAA (Crisil, Care, Icra) |
Toyota Financial Services | 3 years and 2 months | To be decided | 5 | April 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 86.0675 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, April 9 (Reuters) - India's L&T Finance LTFL.NS plans to raise 10 billion rupees ($116 million), including a greenshoe option of 8 billion rupees, through sale of multiple tenor bonds, three bankers said on Wednesday.
L&T Finance will reissue 7.7989% March 2030 bonds and will sell fresh three-year and two-month bonds at a coupon of 7.5934%, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.2400 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 9 (Reuters) - India's L&T Finance LTFL.NS plans to raise 10 billion rupees ($116 million), including a greenshoe option of 8 billion rupees, through sale of multiple tenor bonds, three bankers said on Wednesday.
L&T Finance will reissue 7.7989% March 2030 bonds and will sell fresh three-year and two-month bonds at a coupon of 7.5934%, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.2400 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
April 3 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD - FY25 RETAIL DISBURSEMENTS ESTIMATED AT 600.20 BILLION RUPEES
L&T FINANCE LTD - RETAILISATION OF PORTFOLIO ESTIMATED AT ABOUT 97% AT END OF Q4FY25
L&T FINANCE LTD - Q4FY25 RETAIL DISBURSEMENTS ESTIMATED AT 148.70 BILLION RUPEES
L&T FINANCE LTD - Q4FY25 RETAIL LOAN BOOK ESTIMATED AT 951 BILLION RUPEES
Source text: ID:nBSEWbDZw
Further company coverage: LTFL.NS
(([email protected];))
April 3 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD - FY25 RETAIL DISBURSEMENTS ESTIMATED AT 600.20 BILLION RUPEES
L&T FINANCE LTD - RETAILISATION OF PORTFOLIO ESTIMATED AT ABOUT 97% AT END OF Q4FY25
L&T FINANCE LTD - Q4FY25 RETAIL DISBURSEMENTS ESTIMATED AT 148.70 BILLION RUPEES
L&T FINANCE LTD - Q4FY25 RETAIL LOAN BOOK ESTIMATED AT 951 BILLION RUPEES
Source text: ID:nBSEWbDZw
Further company coverage: LTFL.NS
(([email protected];))
MUMBAI, Feb 12 (Reuters) - India's L&T Finance has accepted bids worth 3.60 billion rupees ($41.44 million) for bonds maturing in five years and two months, three bankers said on Wednesday.
L&T Finance will pay an annual coupon of 7.80% on this issue and had invited commitment bids for the same earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 5 years and 2 months | 7.80 | 3.60 | Feb. 12 | AAA (Crisil) |
LIC Housing Feb 2028 reissue | 3 years | 7.68 (yield) | 10.03 | Feb. 12 | AAA (Crisil, Care) |
NABARD Mar 2028 reissue | 3 years 1 month and 11 days | 7.51 (yield) | 45 | Feb. 12 | AAA (Crisil, Icra) |
IRFC | 15 years | 7.28% | 30 | Feb. 12 | AAA (Crisil, Icra, Care) |
Bamboo Hotel and Global Centre | nearly 3 years | To be decided | 5.50+5 | Feb. 13 | Provisional A+(CE)(Icra) |
HDFC Life Insurance | 10 years | To be decided | 9+1 | Feb. 13 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 12 (Reuters) - India's L&T Finance has accepted bids worth 3.60 billion rupees ($41.44 million) for bonds maturing in five years and two months, three bankers said on Wednesday.
L&T Finance will pay an annual coupon of 7.80% on this issue and had invited commitment bids for the same earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 5 years and 2 months | 7.80 | 3.60 | Feb. 12 | AAA (Crisil) |
LIC Housing Feb 2028 reissue | 3 years | 7.68 (yield) | 10.03 | Feb. 12 | AAA (Crisil, Care) |
NABARD Mar 2028 reissue | 3 years 1 month and 11 days | 7.51 (yield) | 45 | Feb. 12 | AAA (Crisil, Icra) |
IRFC | 15 years | 7.28% | 30 | Feb. 12 | AAA (Crisil, Icra, Care) |
Bamboo Hotel and Global Centre | nearly 3 years | To be decided | 5.50+5 | Feb. 13 | Provisional A+(CE)(Icra) |
HDFC Life Insurance | 10 years | To be decided | 9+1 | Feb. 13 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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Popular questions
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What does L&T Finance do?
L&T Finance has established itself as one of the nation’s foremost NBFCs, playing a pivotal role in India’s financial ecosystem. The company has consistently demonstrated its commitment to empowering individuals and businesses, providing financial solutions that connect aspirations to opportunities, catering to diverse demographics, from unserved and underserved rural areas to urban centres.
Who are the competitors of L&T Finance?
L&T Finance major competitors are REC, SBI Cards & Payment, Sundaram Finance, Indian Railway Fin., Mah & Mah Finl. Serv, Poonawalla Fincorp, Muthoot Finance. Market Cap of L&T Finance is ₹78,753 Crs. While the median market cap of its peers are ₹55,755 Crs.
Is L&T Finance financially stable compared to its competitors?
L&T Finance seems to be less financially stable compared to its competitors. Altman Z score of L&T Finance is 0.56 and is ranked 6 out of its 8 competitors.
Does L&T Finance pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. L&T Finance latest dividend payout ratio is 23.1% and 3yr average dividend payout ratio is 25.29%
How strong is L&T Finance balance sheet?
Latest balance sheet of L&T Finance is strong. Strength was visible historically as well.
Is the profitablity of L&T Finance improving?
Yes, profit is increasing. The profit of L&T Finance is ₹2,981 Crs for Mar 2026, ₹2,644 Crs for Mar 2025 and ₹2,320 Crs for Mar 2024
Is L&T Finance stock expensive?
Yes, L&T Finance is expensive. Latest PE of L&T Finance is 26.42, while 3 year average PE is 18.42. Also latest Price to Book of L&T Finance is 2.81 while 3yr average is 1.64.
Has the share price of L&T Finance grown faster than its competition?
L&T Finance has given better returns compared to its competitors. L&T Finance has grown at ~27.03% over the last 5yrs while peers have grown at a median rate of 16.08%
Is the promoter bullish about L&T Finance?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in L&T Finance is 65.96% and last quarter promoter holding is 65.99%
Are mutual funds buying/selling L&T Finance?
The mutual fund holding of L&T Finance is increasing. The current mutual fund holding in L&T Finance is 11.56% while previous quarter holding is 11.54%.