L&T Finance Ltd.

L&T Finance is reportedly planning to sell its mutual fund business. The company is seeking a valuation of close to Rs 2000 crore for the mutual fund arm, valuing the business at roughly 5% of assets under management. L&T Mutual Fund had Rs 39,300 crore of assets under management as of March 31, 2017.

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.