NSE facilitates India's first tokenised corporate bond issuances; L&T, REC raise Rs 1,000 crore
SEBI moved higher.
· Business Today Mkts
NSE facilitates India's first tokenised corporate bond issuances as REC and L&T raise Rs 1,000 crore through NSE EBP under the SEBI sandbox framework.
The analysis
SEBI reported Rs 1,000 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.0% on the day at ₹3,626.00, and has returned -6.7% over three months. It sits 18% below its 52-week high. The infrastructure sector has moved -12.9% over the same period, so Larsen & Toubro is running 6.2 points ahead of its peers.
For Larsen & Toubro, the question is how much of this is already reflected in the price and how much re-rates the infrastructure peer set alongside it.
Why it matters
- With SEBI, NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is LT.
- Sector exposure: Infrastructure.
In this story
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