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L&T Finance Holdings gains on inking definitive agreements for acquisition of IPHF

12 Mar 2012 Evaluate

L&T Finance Holdings is currently trading at Rs. 48.85, up by 1.10 points or 2.30% from its previous closing of Rs. 47.75 on the BSE.

The scrip opened at Rs. 48.80 and has touched a high and low of Rs. 49.00 and Rs. 48.25 respectively. So far 13,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.40 on 17-Feb-2012 and a 52 week low of Rs. 40.10 on 15-Dec-2011.

Last one week high and low of the scrip stood at Rs. 49.80 and Rs. 46.65 respectively. The current market cap of the company is Rs. 8,376.00 crore.

The promoters holding in the company stood at 82.64% while Institutions and Non-Institutions held 5.16% and 12.20% respectively.

L&T Finance Holdings (LTFH) has marked its entry into the housing finance business, with the signing of definitive agreements for the acquisition of Indo Pacific Housing Finance (IPHF), a small sized housing finance company. However, consummation of this acquisition is subject to receipt of appropriate regulatory approvals.

This acquisition will synergize with LTFH’s existing financial services businesses by deepening and widening its services. LTFH intends to widen the presence of IPHF both geographically and by customer segments.

IPHF had loan book size of Rs 193.5 crore. It has 34 branches, primarily in the southern and western regions. It also has a fully staffed professional team with hands-on experience in housing finance.

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.

L&T Finance Share Price

287.35 7.05 (2.52%)
17-Apr-2026 16:59 View Price Chart
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