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L&T consolidates financial services into a single entity

Published on December 04, 2023
Current Context: L&T is a leading conglomerate in India with interests in engineering, construction, technology, finance, and more. L&T Financial Services (LTFS) is a subsidiary of L&T that provides various financial products and services to customers.
L&T consolidates financial services into a single entity
  • LTFS has recently announced that it will consolidate its financial services into a single entity, L&T Finance Holdings Limited (LTFH), to simplify its structure and improve its operational efficiency.
  • According to the announcement, LTFH will merge with its four wholly-owned subsidiaries: L&T Finance Limited, L&T Infrastructure Finance Company Limited, L&T Housing Finance Limited, and L&T Investment Management Limited.
  • The merger will result in a single non-banking financial company (NBFC) that will offer a wide range of financial solutions, such as rural finance, housing finance, infrastructure finance, and wealth management.

Question:

Q.1 What is the name of the subsidiary of L&T that provides various financial products and services to customers?
a. L&T Financial Services (LTFS)
b. L&T Finance Limited (LTF)
c. L&T Infrastructure Finance Company Limited (LIFC)
d. L&T Housing Finance Limited (LHF)

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