LTF
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India New Issue-L&T Finance to issue multiple tenor bonds, bankers say
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)
India New Issue-L&T Finance accepts bids for multiple tenor bonds, bankers say
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)
India New Issue-L&T Finance to issue multiple tenor bonds, bankers say
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)
L&T Finance Says FY25 Retail Disbursements Estimated At 600.20 Billion Rupees
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];))
India New Issue-L&T Finance accepts bids for bond issue, bankers say
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)
India New Issue-L&T Finance to issue over 5-year bonds, bankers say
MUMBAI, Feb 11 (Reuters) - India's L&T Finance plans to raise 5 billion rupees ($57.6 million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds maturing in five years and two months years, three bankers said on Tuesday.
L&T Finance will pay an annual coupon of 7.80% on this issue and has invited commitment bids for the same on Wednesday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Feb. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 5 years and 2 months | 7.80 | 2.50+2.50 | Feb. 12 | AAA (Crisil) |
Citicorp Finance | 2 years 1 month | To be decided | 2+7 | Feb. 12 | AAA (Crisil) |
Punjab National Bank | 10 years | To be decided | 20+30 | Feb. 13 | AAA (Crisil, India Ratings) |
THDC India | 10 years | To be decided | 2+5 | Feb. 14 | AA(Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sumana Nandy)
MUMBAI, Feb 11 (Reuters) - India's L&T Finance plans to raise 5 billion rupees ($57.6 million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds maturing in five years and two months years, three bankers said on Tuesday.
L&T Finance will pay an annual coupon of 7.80% on this issue and has invited commitment bids for the same on Wednesday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Feb. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 5 years and 2 months | 7.80 | 2.50+2.50 | Feb. 12 | AAA (Crisil) |
Citicorp Finance | 2 years 1 month | To be decided | 2+7 | Feb. 12 | AAA (Crisil) |
Punjab National Bank | 10 years | To be decided | 20+30 | Feb. 13 | AAA (Crisil, India Ratings) |
THDC India | 10 years | To be decided | 2+5 | Feb. 14 | AA(Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sumana Nandy)
L&T Finance Receives Penalty Order Of 1.12 Bln Rupees
Feb 5 (Reuters) - L&T Finance Ltd LTFL.NS:
RECEIVES PENALTY ORDER OF 1.12 BILLION RUPEES
PENALTY ORDER ALLEGES L&T FINANCE RAISED INVOICES WITHOUT RENDERING SERVICES
Source text: ID:nBSE7wMx0p
Further company coverage: LTFL.NS
(([email protected];;))
Feb 5 (Reuters) - L&T Finance Ltd LTFL.NS:
RECEIVES PENALTY ORDER OF 1.12 BILLION RUPEES
PENALTY ORDER ALLEGES L&T FINANCE RAISED INVOICES WITHOUT RENDERING SERVICES
Source text: ID:nBSE7wMx0p
Further company coverage: LTFL.NS
(([email protected];;))
L&T Finance Dec-Quarter Consol Net Profit 6.26 Bln Rupees
Jan 20 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD DEC-QUARTER CONSOL NET PROFIT 6.26 BILLION RUPEES
L&T FINANCE LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 40.98 BILLION RUPEES
Source text: [ID:]
Further company coverage: LTFL.NS
(([email protected];))
Jan 20 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD DEC-QUARTER CONSOL NET PROFIT 6.26 BILLION RUPEES
L&T FINANCE LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 40.98 BILLION RUPEES
Source text: [ID:]
Further company coverage: LTFL.NS
(([email protected];))
L&T Finance Says Retail Disbursements For Q3FY25 Grew About 4% Y/Y
Jan 3 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD - RETAILISATION OF PORTFOLIO ESTIMATED AT 97% AS AT END OF Q3FY25
L&T FINANCE - RETAIL DISBURSEMENTS FOR Q3FY25 GREW ABOUT 4% Y-O-Y
Source text: ID:nBSE3GHLjS
Further company coverage: LTFL.NS
(([email protected];))
Jan 3 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD - RETAILISATION OF PORTFOLIO ESTIMATED AT 97% AS AT END OF Q3FY25
L&T FINANCE - RETAIL DISBURSEMENTS FOR Q3FY25 GREW ABOUT 4% Y-O-Y
Source text: ID:nBSE3GHLjS
Further company coverage: LTFL.NS
(([email protected];))
India New Issue-L&T Finance accepts bids for 3-year bonds, bankers say
MUMBAI, Dec 13 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 5 billion rupees ($58.92 million) for bonds maturing in three years, three bankers said on Friday.
L&T Finance will pay an annual coupon of 7.75% and had invited bids for the issue on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 7.75 | 5 | Dec. 12 | AAA (Crisil) |
NABARD | 5 years and 5 months | 7.40 | 48.64 | Dec. 12 | AAA (Crisil, Icra) |
IRFC | 10 years | 7.09 | 23.45 | Dec. 12 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 84.8550 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
MUMBAI, Dec 13 (Reuters) - India's L&T Finance LTFL.NS has accepted bids worth 5 billion rupees ($58.92 million) for bonds maturing in three years, three bankers said on Friday.
L&T Finance will pay an annual coupon of 7.75% and had invited bids for the issue on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 7.75 | 5 | Dec. 12 | AAA (Crisil) |
NABARD | 5 years and 5 months | 7.40 | 48.64 | Dec. 12 | AAA (Crisil, Icra) |
IRFC | 10 years | 7.09 | 23.45 | Dec. 12 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 84.8550 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
India New Issue-L&T Finance to issue 3-year bonds, bankers say
MUMBAI, Dec 10 (Reuters) - India's L&T Finance LTFL.NS plans to raise 5 billion rupees ($58.93 million) through the sale of bonds maturing in three years, three bankers said on Tuesday.
L&T Finance will pay an annual coupon of 7.75% and has invited bids for the issue on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 7.75 | 5 | Dec. 12 | AAA (Crisil) |
Aditya Birla Housing Finance | 3 years and 3 months | To be decided | 1+5 | Dec. 11 | AAA (Icra, Crisil) |
LIC Housing Finance | 2 years | To be decided | 10+15 | Dec. 11 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8475 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Dec 10 (Reuters) - India's L&T Finance LTFL.NS plans to raise 5 billion rupees ($58.93 million) through the sale of bonds maturing in three years, three bankers said on Tuesday.
L&T Finance will pay an annual coupon of 7.75% and has invited bids for the issue on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 3 years | 7.75 | 5 | Dec. 12 | AAA (Crisil) |
Aditya Birla Housing Finance | 3 years and 3 months | To be decided | 1+5 | Dec. 11 | AAA (Icra, Crisil) |
LIC Housing Finance | 2 years | To be decided | 10+15 | Dec. 11 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8475 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
India's L&T Finance falls as analysts flag headwinds to microfinance
** Shares of non-bank lender L&T Finance LTFL.NS close down 7.14% at 146.55 rupees, in worst session since March 6
** Stock down 12% in two sessions since narrowly missing Q2 profit estimates post market hours on Friday
** HSBC cuts target price to 180 rupees from 195 rupees, citing likely disruption in LTFL's assets under management and earnings growth due to headwinds in microfinance space
** Citi says stress rising for LTFL due to deterioration in microfinance segment, says December quarter results will also be modest
** Morgan Stanley cuts earnings estimates for FY 2025-2027 citing rise in credit costs and likely drop in AUM
** Avg rating of analysts weakens marginally, though remaining in "buy" range; median PT falls to 200 rupees from 214.50 rupees - LSEG data
** LTFL shares down 11.2% in 2024 so far, compared to mid-cap index .NIFMDCP100 which is up 21.6%
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of non-bank lender L&T Finance LTFL.NS close down 7.14% at 146.55 rupees, in worst session since March 6
** Stock down 12% in two sessions since narrowly missing Q2 profit estimates post market hours on Friday
** HSBC cuts target price to 180 rupees from 195 rupees, citing likely disruption in LTFL's assets under management and earnings growth due to headwinds in microfinance space
** Citi says stress rising for LTFL due to deterioration in microfinance segment, says December quarter results will also be modest
** Morgan Stanley cuts earnings estimates for FY 2025-2027 citing rise in credit costs and likely drop in AUM
** Avg rating of analysts weakens marginally, though remaining in "buy" range; median PT falls to 200 rupees from 214.50 rupees - LSEG data
** LTFL shares down 11.2% in 2024 so far, compared to mid-cap index .NIFMDCP100 which is up 21.6%
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India New Issue-L&T Finance accepts bids for 10-year bonds, bankers say
MUMBAI, Sept 13 (Reuters) - India's L&T Finance has accepted bids worth 10 billion rupees ($119.16 million) for bonds maturing in 10 years, three bankers said on Friday.
It will pay an annual coupon of 7.90% to the investors, and had invited coupon and commitment bids for the issue on Thursday, they said.
Here is the list of deals reported so far on Sept. 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 10 years | 7.90 | 10 | Sept 12 | AAA (Crisil) |
Tata Housing Development | 3 years | To be decided | 4.75 | Sept 13 | AA(CareEdge) |
* Size includes base plus greenshoe for some issues
($1 = 83.9210 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Sept 13 (Reuters) - India's L&T Finance has accepted bids worth 10 billion rupees ($119.16 million) for bonds maturing in 10 years, three bankers said on Friday.
It will pay an annual coupon of 7.90% to the investors, and had invited coupon and commitment bids for the issue on Thursday, they said.
Here is the list of deals reported so far on Sept. 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance | 10 years | 7.90 | 10 | Sept 12 | AAA (Crisil) |
Tata Housing Development | 3 years | To be decided | 4.75 | Sept 13 | AA(CareEdge) |
* Size includes base plus greenshoe for some issues
($1 = 83.9210 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India's L&T Finance gains after upbeat Q1 results
** Shares of L&T Finance LTFL.NS climb as much as 3% to 189.95 rupees before erasing gains
** NBFC reported 29% YoY climb in Q1 consol net profit, led by higher net interest income which rose 23% YoY
** NIM also improved to 11.08% from 9.64%
** Execution on retail loans continues to be good; asset quality forecast is key for assessing sustainability, says Morgan Stanley
** At least four analysts raised PT on "Buy" rated stock since results, median PT at 209 rupees vs 195 rupees last month - LSEG data
** Stock up ~12% YTD, set for third straight annual gain
(Reporting by Kashish Tandon in Bengaluru)
** Shares of L&T Finance LTFL.NS climb as much as 3% to 189.95 rupees before erasing gains
** NBFC reported 29% YoY climb in Q1 consol net profit, led by higher net interest income which rose 23% YoY
** NIM also improved to 11.08% from 9.64%
** Execution on retail loans continues to be good; asset quality forecast is key for assessing sustainability, says Morgan Stanley
** At least four analysts raised PT on "Buy" rated stock since results, median PT at 209 rupees vs 195 rupees last month - LSEG data
** Stock up ~12% YTD, set for third straight annual gain
(Reporting by Kashish Tandon in Bengaluru)
L&T Finance June-Quarter Consol Net Profit 6.86 Billion Rupees
July 16 (Reuters) - L&T Finance Ltd LTFL.NS:
JUNE-QUARTER CONSOL NET PROFIT 6.86 BILLION RUPEES
JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 37.84 BILLION RUPEES
Further company coverage: LTFL.NS
(([email protected];))
July 16 (Reuters) - L&T Finance Ltd LTFL.NS:
JUNE-QUARTER CONSOL NET PROFIT 6.86 BILLION RUPEES
JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 37.84 BILLION RUPEES
Further company coverage: LTFL.NS
(([email protected];))
India's L&T Finance gains on growth in Q1 retail loan book, disbursements
** Shares of L&T Finance LTFL.NS rise 2.2% to 192 rupees
** The financial services provider said in its Q1 update that retail disbursements and retail loan book grew 33% and 31%, respectively, in Q1
** Adds, retailisation of portfolio, which makes investment funds more accessible to individual retail investors, is estimated at about 95% at end of Q1, up from 82% a year earlier
** Sixteen analysts covering the stock on avg have a "buy" rating; median PT is 200 rupees - LSEG data
** Stock up 15% so far this year vs a 12.2% gain in the benchmark Nifty 50 index .NSEI
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of L&T Finance LTFL.NS rise 2.2% to 192 rupees
** The financial services provider said in its Q1 update that retail disbursements and retail loan book grew 33% and 31%, respectively, in Q1
** Adds, retailisation of portfolio, which makes investment funds more accessible to individual retail investors, is estimated at about 95% at end of Q1, up from 82% a year earlier
** Sixteen analysts covering the stock on avg have a "buy" rating; median PT is 200 rupees - LSEG data
** Stock up 15% so far this year vs a 12.2% gain in the benchmark Nifty 50 index .NSEI
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
India's L&T Finance gains after parent L&T, Morgan Stanley buy stake
** Shares of L&T Finance LTFL.NS up ~4% at 182.91 rupees
** Parent Larsen and Toubro LART.NS and Morgan Stanley together bought 2.6% stake in the NBFC, after PE firm Bain Capital's exit, per exchange data
** Stock on track for third straight session of gains
** Trading volume more than thrice its 30-day moving avg
** Mean rating of 14 analysts is "buy"; median PT is 195 rupees - LSEG data
** LTFL up ~11% YTD, set for its third straight annual gain
(Reporting by Kashish Tandon in Bengaluru)
** Shares of L&T Finance LTFL.NS up ~4% at 182.91 rupees
** Parent Larsen and Toubro LART.NS and Morgan Stanley together bought 2.6% stake in the NBFC, after PE firm Bain Capital's exit, per exchange data
** Stock on track for third straight session of gains
** Trading volume more than thrice its 30-day moving avg
** Mean rating of 14 analysts is "buy"; median PT is 195 rupees - LSEG data
** LTFL up ~11% YTD, set for its third straight annual gain
(Reporting by Kashish Tandon in Bengaluru)
L&T Finance Says Agreement To Acquire Shares By Bain Capital And Rights Of Bain Capital In Co, Stands Terminated
June 13 (Reuters) - L&T Finance Ltd LTFL.NS:
AGREEMENT TO ACQUIRE SHARES BY BAIN CAPITAL AND RIGHTS OF BAIN CAPITAL IN CO, STANDS TERMINATED
ON JUNE 13, 2024, BAIN CAPITAL HAS SOLD ITS ENTIRE STAKE HOLDING IN THE COMPANY
INVESTMENT AGREEMENT IS TERMINATED DUE TO REDUCTION OF AGGREGATE OWNERSHIP BY BAIN CAPITAL IN CO
Further company coverage: LTFL.NS
(([email protected];))
June 13 (Reuters) - L&T Finance Ltd LTFL.NS:
AGREEMENT TO ACQUIRE SHARES BY BAIN CAPITAL AND RIGHTS OF BAIN CAPITAL IN CO, STANDS TERMINATED
ON JUNE 13, 2024, BAIN CAPITAL HAS SOLD ITS ENTIRE STAKE HOLDING IN THE COMPANY
INVESTMENT AGREEMENT IS TERMINATED DUE TO REDUCTION OF AGGREGATE OWNERSHIP BY BAIN CAPITAL IN CO
Further company coverage: LTFL.NS
(([email protected];))
L&T Finance Gets Tax Order Levying Penalty Of 1.2 Mln Rupees
April 29 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD -GETS TAX ORDER LEVYING PENALTY OF 1.2 MILLION RUPEES
Source text for Eikon: ID:nBSE7M1c0K
Further company coverage: LTFL.NS
(([email protected];))
April 29 (Reuters) - L&T Finance Ltd LTFL.NS:
L&T FINANCE LTD -GETS TAX ORDER LEVYING PENALTY OF 1.2 MILLION RUPEES
Source text for Eikon: ID:nBSE7M1c0K
Further company coverage: LTFL.NS
(([email protected];))
L&T Finance Got Two Tax Orders Imposing Penalty Of 381,206 Rupees And 7.6 Million Rupees
April 19 (Reuters) - L&T Finance Ltd LTFH.NS:
GOT TWO TAX ORDERS IMPOSING PENALTY OF 381,206 RUPEES AND 7.6 MILLION RUPEES
Source text for Eikon: ID:nNSE7bCKN5
Further company coverage: LTFH.NS
(([email protected];))
April 19 (Reuters) - L&T Finance Ltd LTFH.NS:
GOT TWO TAX ORDERS IMPOSING PENALTY OF 381,206 RUPEES AND 7.6 MILLION RUPEES
Source text for Eikon: ID:nNSE7bCKN5
Further company coverage: LTFH.NS
(([email protected];))
India's L&T Finance up on higher Q4 retail disbursements
** Shares of L&T Finance LTFH.NS rose as much as 2.9% before trimming some gains, last up 1.2% to 172.2 rupees
** Co says its Q4 retail disbursements were up 33% Y/Y
** Stock on track to climb in fourth straight session if trend holds; it gained 7.5% over three earlier sessions
** Analysts' avg rating on stock is "buy"; median PT is 190 rupees - LSEG data
** Stock up 8.8% so far this week, on track for best week since the week ended June 16, 2023
(Reporting by Varun Vyas in Bengaluru)
** Shares of L&T Finance LTFH.NS rose as much as 2.9% before trimming some gains, last up 1.2% to 172.2 rupees
** Co says its Q4 retail disbursements were up 33% Y/Y
** Stock on track to climb in fourth straight session if trend holds; it gained 7.5% over three earlier sessions
** Analysts' avg rating on stock is "buy"; median PT is 190 rupees - LSEG data
** Stock up 8.8% so far this week, on track for best week since the week ended June 16, 2023
(Reporting by Varun Vyas in Bengaluru)
L&T Finance Says Retail Disbursements For Q4FY24 Up About 33% On Y/Y Basis
April 3 (Reuters) - L&T Finance Ltd LTFH.NS:
RETAIL DISBURSEMENTS FOR Q4FY24 UP ABOUT 33% ON A Y-O-Y BASIS
RETAILISATION OF THE PORTFOLIO IS ESTIMATED AT ABOUT 94% AS AT END OF Q4FY24
RETAIL LOAN BOOK AT END OF Q4FY24 IS ESTIMATED AT 800.10 BLN RUPEES, UP 31% ON Y/Y BASIS
Further company coverage: LTFH.NS
(([email protected];))
April 3 (Reuters) - L&T Finance Ltd LTFH.NS:
RETAIL DISBURSEMENTS FOR Q4FY24 UP ABOUT 33% ON A Y-O-Y BASIS
RETAILISATION OF THE PORTFOLIO IS ESTIMATED AT ABOUT 94% AS AT END OF Q4FY24
RETAIL LOAN BOOK AT END OF Q4FY24 IS ESTIMATED AT 800.10 BLN RUPEES, UP 31% ON Y/Y BASIS
Further company coverage: LTFH.NS
(([email protected];))
L&T Finance Holdings Approves Raising Of Funds Such That NCDs Issued And Outstanding Does Not Exceed 1.01 Trln Rupees
March 18 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
APPROVED RAISING OF FUNDS SUCH THAT NCDS ISSUED AND OUTSTANDING DOES NOT EXCEED 1.01 TRLN RUPEES
APPROVED RAISING OF FUNDS
Further company coverage: LTFH.NS
(([email protected];))
March 18 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
APPROVED RAISING OF FUNDS SUCH THAT NCDS ISSUED AND OUTSTANDING DOES NOT EXCEED 1.01 TRLN RUPEES
APPROVED RAISING OF FUNDS
Further company coverage: LTFH.NS
(([email protected];))
L&T Finance Holdings- Signs Financing Pact With Japan International Cooperation Agency For $125 Mln
March 12 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
L&T FINANCE HOLDINGS- SIGNS FINANCING PACT WITH JAPAN INTERNATIONAL COOPERATION AGENCY FOR USD 125 MILLION
(([email protected];))
March 12 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
L&T FINANCE HOLDINGS- SIGNS FINANCING PACT WITH JAPAN INTERNATIONAL COOPERATION AGENCY FOR USD 125 MILLION
(([email protected];))
L&T Finance Holdings To Consider Proposal Of Raising Of Funds
March 11 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
L&T FINANCE HOLDINGS LTD - TO CONSIDER PROPOSAL OF RAISING OF FUNDS
L&T FINANCE HOLDINGS LTD - TO CONSIDER RAISING OF FUNDS BY ISSUANCE OF DEBT SECURITIES INCLUDING NON-CONVERTIBLE DEBENTURES
Source text for Eikon: ID:nBSEF3xdy
Further company coverage: LTFH.NS
(([email protected];;))
March 11 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
L&T FINANCE HOLDINGS LTD - TO CONSIDER PROPOSAL OF RAISING OF FUNDS
L&T FINANCE HOLDINGS LTD - TO CONSIDER RAISING OF FUNDS BY ISSUANCE OF DEBT SECURITIES INCLUDING NON-CONVERTIBLE DEBENTURES
Source text for Eikon: ID:nBSEF3xdy
Further company coverage: LTFH.NS
(([email protected];;))
L&T Finance Holdings Says Dinanath Dubhashi Resigns As MD, CEO
Jan 23 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
DINANATH DUBHASHI RESIGNS AS MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
Further company coverage: LTFH.NS
(([email protected];))
Jan 23 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
DINANATH DUBHASHI RESIGNS AS MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
Further company coverage: LTFH.NS
(([email protected];))
India New Issue-NABARD to reissue Mar 2027 bonds - bankers
MUMBAI, Jan 16 (Reuters) - India's National Bank for Agriculture and Rural Development (NABARD) plans to raise up to 50 billion rupees ($602.6 million), including a greenshoe of 30 billion rupees, through a reissue of 7.80%, March 2027 bonds, three bankers said on Tuesday.
The state-run company has invited bids from investors and bankers on Thursday.
Earlier this month, NABARD raised 49.90 billion rupees via bonds maturing in three years and two months at a coupon of 7.80%.
Here is the list of deals reported so far on Jan. 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
NABARD reissue of Mar 2027 bonds | 3 yrs, 1 mnt and 25 days | To be decided | 20+30 | Jan. 18 | AAA (Icra, India Ratings) |
SIDBI | 3 yr, 4 mnts and 22 days | To be decided | 15 + 25 | Jan. 17 | AAA (Crisil, Careedge) |
Highways Infrastructure Trust | 3 yrs | 8.34 | 5 | Jan. 17 | AAA (Crisil) |
Bajaj Housing Finance | 3 yrs | To be decided | 5 + 5 | Jan. 17 | AAA (Crisil) |
L&T Finance Holdings | 3 yrs | To be decided | 1 + 2 | Jan. 17 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 82.9680 Indian rupees)
(Reporting by Bhakti Tambe)
MUMBAI, Jan 16 (Reuters) - India's National Bank for Agriculture and Rural Development (NABARD) plans to raise up to 50 billion rupees ($602.6 million), including a greenshoe of 30 billion rupees, through a reissue of 7.80%, March 2027 bonds, three bankers said on Tuesday.
The state-run company has invited bids from investors and bankers on Thursday.
Earlier this month, NABARD raised 49.90 billion rupees via bonds maturing in three years and two months at a coupon of 7.80%.
Here is the list of deals reported so far on Jan. 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
NABARD reissue of Mar 2027 bonds | 3 yrs, 1 mnt and 25 days | To be decided | 20+30 | Jan. 18 | AAA (Icra, India Ratings) |
SIDBI | 3 yr, 4 mnts and 22 days | To be decided | 15 + 25 | Jan. 17 | AAA (Crisil, Careedge) |
Highways Infrastructure Trust | 3 yrs | 8.34 | 5 | Jan. 17 | AAA (Crisil) |
Bajaj Housing Finance | 3 yrs | To be decided | 5 + 5 | Jan. 17 | AAA (Crisil) |
L&T Finance Holdings | 3 yrs | To be decided | 1 + 2 | Jan. 17 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 82.9680 Indian rupees)
(Reporting by Bhakti Tambe)
L&T Finance Holdings Says Estimated Q3 Retail Disbursements Up 25% Y/Y
Jan 4 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
RETAIL DISBURSEMENTS FOR Q3 GREW ABOUT 25% ON A Y-O-Y BASIS
RETAIL DISBURSEMENTS FOR Q3FY24 GROWTH OF ABOUT 25% ON A Y-O-Y BASIS
ESTIMATED RETAIL LOAN BOOK AT END OF Q3FY24 , UP ABOUT 31% Y/Y
Source text for Eikon: ID:nBSE6CqcRd
Further company coverage: LTFH.NS
(([email protected];))
Jan 4 (Reuters) - L&T Finance Holdings Ltd LTFH.NS:
RETAIL DISBURSEMENTS FOR Q3 GREW ABOUT 25% ON A Y-O-Y BASIS
RETAIL DISBURSEMENTS FOR Q3FY24 GROWTH OF ABOUT 25% ON A Y-O-Y BASIS
ESTIMATED RETAIL LOAN BOOK AT END OF Q3FY24 , UP ABOUT 31% Y/Y
Source text for Eikon: ID:nBSE6CqcRd
Further company coverage: LTFH.NS
(([email protected];))
L&T Finance Holdings Ltd- Department Of GST Imposed Penalty Of 24.9 Million Rupees
L&T Finance Holdings Ltd LTFH.NS:
L&T FINANCE HOLDINGS LTD- DEPARTMENT OF GST IMPOSED PENALTY OF 24.9 MILLION RUPEES
Source text for Eikon: ID:nBSE5qZbPc
Further company coverage: LTFH.NS
L&T Finance Holdings Ltd LTFH.NS:
L&T FINANCE HOLDINGS LTD- DEPARTMENT OF GST IMPOSED PENALTY OF 24.9 MILLION RUPEES
Source text for Eikon: ID:nBSE5qZbPc
Further company coverage: LTFH.NS
India New Issue-L&T Finance Holdings to issue 3-yr bonds next week - bankers
MUMBAI, Dec 28 (Reuters) - India's L&T Finance Holdings LTFH.NS plans to raise up to 5 billion rupees ($60.05 million) through the sale of bonds maturing in three years, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
Here is the list of deals reported so far on Dec. 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance Holdings | 3 yrs | To be decided | 2 + 3 | Jan. 3 | AAA (Crisil, ICRA) |
Shree Renuka Sugar | 5 yrs | To be decided | 2.85 | Jan. 3 | A (India Ratings) |
Magma HDI General Insurance | 10 yrs | 9.70 | 2 | Dec. 27 | AA (Crisil, Careedge) |
Kotak Mahindra Investments Oct 2025 reissue | 2 yr and 5 mnts | 8.25 (yield) | 1.50 | Dec. 27 | AAA (Crisil) |
Kotak Mahindra Investments May 2026 reissue | 1 yr and 10 mnts | 8.25 (yield) | 1.50 | Dec. 27 | AAA (Crisil) |
Kotak Mahindra Investments | 3 yr and 5 mnts | 8.2366 | 0.80 | Dec. 27 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 83.2600 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Sonia Cheema)
MUMBAI, Dec 28 (Reuters) - India's L&T Finance Holdings LTFH.NS plans to raise up to 5 billion rupees ($60.05 million) through the sale of bonds maturing in three years, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
Here is the list of deals reported so far on Dec. 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
L&T Finance Holdings | 3 yrs | To be decided | 2 + 3 | Jan. 3 | AAA (Crisil, ICRA) |
Shree Renuka Sugar | 5 yrs | To be decided | 2.85 | Jan. 3 | A (India Ratings) |
Magma HDI General Insurance | 10 yrs | 9.70 | 2 | Dec. 27 | AA (Crisil, Careedge) |
Kotak Mahindra Investments Oct 2025 reissue | 2 yr and 5 mnts | 8.25 (yield) | 1.50 | Dec. 27 | AAA (Crisil) |
Kotak Mahindra Investments May 2026 reissue | 1 yr and 10 mnts | 8.25 (yield) | 1.50 | Dec. 27 | AAA (Crisil) |
Kotak Mahindra Investments | 3 yr and 5 mnts | 8.2366 | 0.80 | Dec. 27 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 83.2600 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Sonia Cheema)
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What does L&T Finance do?
L&T Finance Holdings Limited is a leading NBFC in India offering a wide range of financial services including rural, housing, and infrastructure finance, as well as investment management services.
Who are the competitors of L&T Finance?
L&T Finance major competitors are Mah & Mah Finl. Serv, Cholamandalam Fin., Poonawalla Fincorp, Sundaram Finance, Piramal Enterprises, Manappuram Finance, Five Star Business. Market Cap of L&T Finance is ₹43,704 Crs. While the median market cap of its peers are ₹31,269 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 0.8 and is ranked 7 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 25.95% and 3yr average dividend payout ratio is 27.77%
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 ₹2,644 Crs for Mar 2025, ₹2,320 Crs for Mar 2024 and ₹1,623 Crs for Mar 2023
Is L&T Finance stock expensive?
L&T Finance is expensive when considering the Price to Book, however latest PE is < 3 yr avg PE. Latest PE of L&T Finance is 16.53 while 3 year average PE is 17.67. Also latest Price to Book of L&T Finance is 1.71 while 3yr average is 1.32.
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 ~29.15% over the last 2yrs while peers have grown at a median rate of 19.77%
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 66.24% and last quarter promoter holding is 66.25%
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 7.06% while previous quarter holding is 6.37%.