L&T Finance Ltd.

L&T Finance Holdings is planning to sell its private equity (PE) and proprietary investments businesses worth Rs 800 crore in FY17. The paring of investment is part of a strategy to improve the use of resources, enhance the return on equity (ROE) and profitability. The company is also planning to consolidate its retail financing business under one corporate body. Currently, the retail business, including two-wheelers, is being managed through three entities. It expects to complete this work in the next six months.

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.