The leading nonbanking financial company has received about Rs 3,484 crore (equivalent of USD 425 million) as consideration for the sale, , L&T Finance Holdings Limited, HSBC Asset Management (India) Private Limited
Mumbai (Maharashtra) [India], November 26 (ANI/NewsVoir): L&T Finance Holdings Limited, one of India s leading non-banking financial companies, today announced the conclusion of the sale of its mutual fund business to HSBC Asset Management (India) Private Limited.
L&T Finance Holdings completes the divestment of its Mutual Fund business equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on Business at LatestLY. The Competition Commission of India (CCI) on Thursday said it has approved HSBC Asset Management s proposal to acquire 100 per cent equity share capital of L&T Investment Management Limited. Business News | CCI Approves HSBC Asset Management s Proposal to Acquire L&T Finance Unit.