L&T Finance Ltd.

L&T Finance Holdings’ deal to sell its fully owned subsidiary -- L&T Capital Markets (Middle East) to Proud Securities and Credits has been terminated in absence of regulatory approvals. In November 2019, it had informed about execution of a share purchase agreement to sell its 100% stake in L&T Capital Markets (Middle East) to Proud Securities and Credits Private (purchaser), subject to receipt of necessary regulatory approvals.

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.