L&T Finance Holdings is currently trading at Rs. 153.60, up by 2.55 points or 1.69% from its previous closing of Rs. 151.05 on the BSE.
The scrip opened at Rs. 153.70 and has touched a high and low of Rs. 155.60 and Rs. 151.90 respectively. So far 502972 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 155.60 on 04-Dec-2023 and a 52 week low of Rs. 78.97 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 155.60 and Rs. 139.95 respectively. The current market cap of the company is Rs. 38308.70 crore.
The promoters holding in the company stood at 66.02%, while Institutions and Non-Institutions held 19.14% and 14.85% respectively.
L&T Finance Holdings (LTFH) has completed the merger of its subsidiaries, L&T Finance (LTF), L&T Infra Credit (LTICL) and L&T Mutual Fund Trustee with itself. LTFH is a leading NBFC and offers a range of financial products and services under the L&T Finance brand. LTFH was the holding company while LTF and LTICL were high value debt listed entities and the operating entities. With this merger, all the lending businesses will be housed under one single entity i.e., LTFH, with it becoming the equity listed operating lending entity. The merger is effective December 4, 2023 and will create a ‘Single Lending Entity'.
The respective Boards of the said companies had approved the proposed merger in January 2023 and the process was completed post requisite approvals from shareholders, creditors, and regulatory/ statutory authorities - Reserve Bank of India (RBI), National Company Law Tribunal (NCLT), Securities and Exchange Board of India (SEBI), and Stock Exchanges.
L&T Finance Holdings 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.
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