L&T Finance Holdings (LTFH) has successfully completed acquisition of Indo Pacific Housing Finance (IPHF). The acquisition gives LTFH the opportunity to explore both complementary geographies and customer segments. LTFH’s plan is to build a balanced portfolio by adding salaried and urban customers by using L&T’s presence as a contractor and developer.
The acquisition furthers lends to LTFH’s philosophy of being a broad range financial services provider by opening up a new asset category.
LTFH, earlier on Mar 12, 2012, had announced the signing of the definitive agreement for acquisition of IPHF.
As of its last audit, for the year ended March 2012, IPHF had a loan book of Rs 161 crore, primarily consisting of loans to self-employed and low income category borrowers.
LTFH is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.
Company Name | CMP |
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Bajaj Finance | 6881.00 |
Shriram Finance | 2891.50 |
Aditya Birla Capital | 187.00 |
SBI Cards AndPayment | 692.40 |
Mah & Mah Finl. Serv | 266.45 |
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