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L&T Finance Holdings concludes acquisition of FCL

01 Jan 2013 Evaluate

L&T Finance Holdings (LTFH) has completed 100% acquisition of Family Credit (FCL) from France’s Société Générale Consumer Finance pursuant to receipt of appropriate regulatory approvals and to customary closing conditions. FCL is a well established NBFC with presence across two-wheeler and auto financing.

The company had earlier on October 22, 2012 entered into definitive agreements with France’s Société Générale Consumer Finance for acquisition of 100% of FCL.

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%)
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