LTFH Is Renamed L&T Finance from Now

  • L&T Finance Holdings Ltd. (LTFH) has completed the merger of its subsidiaries, L&T Finance Ltd., L&T Infra Credit Ltd., and L&T Mutual Fund Trustee Ltd. 
  • The merger will create a ‘Single Lending Entity’, housing all lending businesses under one operating Non-Banking Financial Company (NBFC). 
  • The merger was approved by the respective Boards of the said companies in January 2023. 
  • The process was completed post requisite approvals from shareholders, creditors, and regulatory/statutory authorities. 
  • Key benefits of the merger include enhanced governance and controls, astute liability management, ability to provide an enhanced return to shareholders, seamless compliance with RBI Scale Based Regulations, and operational efficiency. 
  • The merger is part of the ‘Right Structure’ strategy, with the number of NBFCs reducing from 8 to 1. 
  • LTFH’s Managing Director & CEO, Mr. Dinanath Dubhashi, expressed satisfaction with the merger’s completion and the strategic initiatives undertaken. 
  • The company is focused on creating a top-class, digitally-enabled, Retail finance company as part of the Lakshya 2026 plan.
Posted in Current Affairs.

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