Debt Debt financing
L&T to raise Rs.500-Cr via tokenized bonds
Source Mint (opens in a new tab)
Larsen & Toubro plans to raise up to INR 500 crore through a tokenized bond issuance.Tokenized bonds are conventional debt securities where ownership and transaction records are maintained on a blockchain or distributed ledger.The company plans to upload the bond issue onto an electronic platform for bidding. These bonds are expected to have a maturity of three years with a coupon of approximately 7.40%
For FY25, Larsen & Toubro had reported about INR 295 Cr in Operating Income and about INR 16 Cr in PAT.