India's L&T Finance Holdings completes merger with subsidiaries

L&T Finance

04/12/2023 05:57

MUMBAI, Dec 4 (Reuters) - India's L&T Finance Holdings
 LTFH.NS  has completed the merger of three of its subsidiaries
- L&T Finance, L&T Infra Credit and L&T Mutual Fund Trustee -
with itself, the company said on Monday.
    With this, all the lending businesses will be housed under
the single equity-listed operating entity of L&T Finance
Holdings, the company said in a press release.
    The respective boards of the companies had approved the
merger in January this year. 
    The merger, effective Monday, has received the requisite
approvals from shareholders, creditors, the Reserve Bank of
India, National Company Law Tribunal, Securities and Exchange
Board of India and stock exchanges, the company said.




    

 (Reporting by Siddhi Nayak; Editing by Sohini Goswami)
 ((Siddhi.Nayak@thomsonreuters.com; +91 22 6921 7848; Reuters
Messaging: Twitter: https://twitter.com/siddhiVnayak))