L&T Finance Holdings’ arm to receive $550 million from IFC

05 Jul 2019

L&T Finance Holdings’ wholly owned subsidiary -- L&T Finance will receive $550 million in an ECB investment round anchored by IFC, a member of the World Bank Group, and BNP Paribas, Citibank, and DBS Bank.

In the first tranche, the investors have contributed $275 million. Of this, IFC is bringing in $125 million, which will be utilized by L&T Finance to expand its farm equipment finance book by extending loans to farmers for buying equipment and modernizing farming.

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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L&T Finance Holdings Share Price

58.30 2.05 (3.64%) Sep 25, 18:02
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Peers
Company Name CMP
Bajaj Finance 3138.25
Aditya Birla Capital 62.85
Shriram Trans. Fin 589.95
L&T Finance Holdings 58.30
Mah & Mah Finl. Serv 120.30
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