The finance company of the country’s biggest business conglomerate L&T Group is going to change its name. The name of the group’s NBFC company L&T Finance Holdings (LTFH) has been changed to L&T Finance Limited after approval from the Registrar of Companies (ROC). The company gave this information on Friday.
The company does business in the finance sector
L&T Finance is headquartered in Mumbai. It was formerly known as L&T Finance Holdings and is a leading non-banking finance company (NBFC), offering a range of financial products and services.
Sudipta Roy, Managing Director (MD) and Chief Executive Officer (CEO), L&T Finance, said that the company’s new branding initiative after the merger from December 4, 2023 reflects the company’s commitment towards creating a simplified ‘single lending entity’. In this, all the lending business has been kept under one operational NBFC.
Roy further said that the name change symbolizes our renewed focus on delivering value directly to our customers and driving sustainable growth. The company had successfully completed the merger of its subsidiaries – L&T Finance, L&T Infra Credit and L&T Mutual Fund Trustee in December 2023. The new name L&T Finance is effective from March 28, 2024.
company share
L&T Finance Holdings is listed on the stock exchanges NSE and BSE. On Thursday (March 29), the stock had closed at Rs 159 per share. Its market cap is Rs 39.57 thousand crore. The company’s income in the financial year 2022-23 was Rs 12,775 crore. During this period the company had made a profit of Rs 1,536 crore.
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