![RBI Merges Three L&T Finance Holdings Subsidiaries RBI Merges Three L&T Finance Holdings Subsidiaries](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8oJ19g6ZLlUs8yUr5aq0khkOhj3fBbFi9bnZjg2gr3RciHOx5jS3mg3e4ko_ovR4K6gP4bPE41k500D8LmI-ahIii8EHpgPfRGEuSV8i-1cutol-xEwud-3teK4-LSxysiBJmw8F4nn3gwddp5gufkBv5yLaw_Is7coOPSRVrsnR6ij51NxyfIWxU/w320-h180-rw/rbi-1602087474.jpg)
- The Scheme remains subject to various other statutory and regulatory approvals and other approvals from the National Company Law Tribunal as required.
- The central bank, RBI has forwarded the ‘no objection’ for the scheme through a letter. The merger is still subject to other statutory and other regulatory approvals.
- The Board of Directors of L&T Finance Holdings Limited had approved collaboration of its subsidiaries by way of merging to a scheme of arrangement under the Section 52 of the Companies Act, 2013 in January this year.
- L&T Finance Holdings Limited is the holding company for the financial services business of the L&T group, which owns 100% in all of its subsidiaries.
- There are 3 subsidiaries of L&T which will be merged.
Question:
Q.1 RBI merges _____ L&T Finance Holdings subsidiaries
a. 8
b. 2
c. 4
d. 3
a. 8
b. 2
c. 4
d. 3