Mumbai (Maharashtra) [India], March 7 (ANI/NewsVoir): L&T Financial Services (LTFS), one of the leading Non-Banking Financial Companies, has recognised its outperforming employees with Star Awards, the highest recognition for service in the Company. This award is given to employees who are not only the best of the best in terms of their performance but have also imbibed and displayed organisational values during the course of their work. The awards were given to meritorious employees in four categories by S. N. Subrahmanyan, Director and Chairperson of the Board of L&T Finance Holdings Ltd., Dinanath Dubhashi, Managing Director & CEO, L&T Finance Holdings Ltd., Board of Directors and the members of the General Executive Council (GEC). Speaking on this occasion, Dinanath Dubhashi, Managing Director & CEO of L&T Finance Holdings Ltd. said, "Star Awards has always been a special occasion for us as it is a celebration of the champions of the LTFS family. In fac
HSBC Asset Management India Ltd. has agreed to buy L&T Investment Management Ltd., a wholly owned subsidiary of L&T Finance Holdings Ltd., for approximately Rs 3,193 crore.
The acquisition is subject to regulatory approval, after which HSBC, with assets under management of Rs 11,700 crore, intends to merge the target company's operations with that of its existing business in India, HSBC said in a statement.