You are here: Home » News-CM » Companies » News
Business Standard

L&T Finance Holdings receives RBI nod for scheme of amalgamation

Capital Market 

L&T Finance Holdings announced that the Reserve Bank of India vide its letter dated 24 March 2023 has accorded it's 'no objection' for the amalgamation of L&T Finance (LTF), L&T Infra Credit (LTICL) and L&T Mutual Fund Trustee (LTMFTL), wholly owned subsidiaries of the Company with the Company, by way of merger by absorption pursuant to a scheme of arrangement under the provisions of Sections 230 - 232 read with Section 52 of the Companies Act, 2013, and other applicable regulatory requirements (the Scheme).

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Sat, March 25 2023. 14:39 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU