L&T Finance Ltd.

L&T Finance Holdings has completed the sale of L&T Investment Management (LTIML), asset manager of L&T Mutual Fund, to HSBC Asset Management (India), asset manager of HSBC Mutual Fund. The said sale transaction has been completed on November 25, 2022.  L&T Investment Management is a wholly-owned subsidiary of L&T Finance Holdings. The company has received Rs 3,484 crore (equivalent of $425 million) as consideration for the sale of LTIML from the purchaser; and also realized surplus cash balance of Rs 764 crore in LTIML.

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.