L&T allots ₹500 crore of 7.40% tokenised debentures due in September 2029.
As filed · Larsen & Toubro Limited has informed the Exchange regarding allotment of 50,000 Listed, Rated, Unsecured, Redeemable, Tokenised Non-Convertible Debentures at its meeting held on September 09, 2026
What happened
FactLarsen & Toubro allotted 50,000 rated, listed, unsecured, redeemable non-convertible tokenised debentures at a face value of ₹1 lakh each through private placement. The debentures carry 7.40% annual interest, mature on September 9, 2029, and are proposed to be listed on NSE’s debt segment.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
DelayedWe remain committed to executing this project with the highest standards of quality, safety, and operational excellence
L&T Energy CarbonLite Solutions has secured a Limited Notice to Proceed (LNTP) from NTPC Ltd for the main plant package of the 2x800 MW Lara Stage-III thermal power plant in Chhattisgarh.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
- Prospect pipeline of ₹ 8 trillion for the remaining nine months (management committed by FY26)
- Strong prospect pipeline of ~ Rs 15 trn for remaining nine months (management committed by FY26)
Evidence
- Larsen & Toubro Limited has informed the Exchange regarding allotment of 50,000 Listed, Rated, Unsecured, Redeemable, Tokenised Non-Convertible Debentures at its meeting held on September 09, 2026(opens the original filing in a new tab)
- Earlier statement · Q2 FY27
- Latest statement · Q2 FY27
- Earlier statement · Q2 FY27
How CapitSignal classified this
- Reasoning:
- The issuance provides L&T with ₹500 crore of unsecured debt financing without equity dilution. Its tokenised form on NSDL’s Distributed Ledger Technology platform represents a distinctive feature, while the proposed NSE listing may provide a market for the debentures.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%