L&T Finance Holdings News
HSBC AMC will acquire 100 per cent equity shares of LTFH.
L&T Finance Holdings will also be entitled to excess cash in LTIM until the completion of the acquisition.
L&T Investment Management (LTIM), a wholly-owned subsidiary of LTFH, is the investment manager of L&T Mutual Fund.
L&T Infrastructure Finance Company said it will raise up to Rs 60 crore by issuing bonds on private placement basis.
L&T Finance Holdings has issues pink slips to over 500 employees amid the distress it is facing in the hinterlands at present.
L&T Infrastructure Finance Company Monday said it plans to raise Rs 300 crore through debentures.
For the full fiscal, the financial services of the engineering major L&T reported a 23 per cent growth in consolidated profit at Rs 736 crore.
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