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L&T Finance Holdings dissolves Middle East subsidiary
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Last Updated: Dec 21, 2020, 02:39 PM IST
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Synopsis
On July 17, LTFH had informed about voluntary winding-up of one of its wholly-owned subsidiary incorporated in Dubai to carry on the off-shore wealth management business, subject to applicable laws of United Arab Emirates.
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As on March 31, 2020, LTCM (ME) had a total income of Rs 20.99 crore equivalent to 0.14 per cent of consolidated income of L&TFH.
New Delhi: L&T Finance Holdings on Monday said its subsidiary L&T Capital Markets (Middle East) Ltd or LTCM has been dissolved and ceased to exist. On July 17, LTFH had informed about voluntary winding-up of one of its wholly-owned subsidiary incorporated in Dubai to carry on the off-shore wealth management business, subject to applicable laws of United Arab Emirates.