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    533519   INE498L01015

L&T FINANCE HOLDINGS LIMITED

(533519)
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L&T Finance Holdings Reportedly in Talks with HSBC to Sell Its MF Arm

08/31/2021 EDT

L&T Finance Holdings Limited (BSE:533519) is in advanced talks with HSBC Holdings plc (LSE:HSBA) to sell its mutual fund (MF) arm, according to news reports. According to a report by Moneycontrol, the sale of L&T Mutual Fund has been in the works for a while. In 2020, Blackstone Inc. (NYSE:BX) emerged as the frontrunner for a INR 32 billion acquisition of L&T Investment Management Limited (L&T Mutual Fund), but the deal closure would hinge upon approval from the capital markets regulator, which generally frowns upon private equity ownership of mutual funds. Market experts believe Securities and Exchange Board of India's (Sebi) approval might prove to be a problem.


ę S&P Capital IQ 2021
All news about L&T FINANCE HOLDINGS LIMITED
08/31L&T Finance Holdings Reportedly in Talks with HSBC to Sell Its MF Arm
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07/20L&T FINANCE : For NCPRS Holders' email not registered, please click here.
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07/19L&T FINANCE : Newspaper Advertisement for Financial Results as on June 30, 2021.
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07/16L&T FINANCE : Monitoring Agency Report
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07/16L&T FINANCE : ESOP Allotment
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More news
Financials
Sales 2022 72 392 M 965 M 965 M
Net income 2022 17 167 M 229 M 229 M
Net Debt 2022 - - -
P/E ratio 2022 13,1x
Yield 2022 1,02%
Capitalization 229 B 3 052 M 3 051 M
Capi. / Sales 2022 3,16x
Capi. / Sales 2023 2,83x
Nbr of Employees 22 532
Free-Float 33,9%
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Technical analysis trends L&T FINANCE HOLDINGS LIMITED
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 94,15 INR
Average target price 105,83 INR
Spread / Average Target 12,4%
EPS Revisions
Managers and Directors
Dinanath Mohandas Dubhashi Chief Executive Officer, MD & Executive Director
Sachinn Joshi Group Chief Financial Officer
Shailesh Vishnubhai Haribhakti Non-Executive Chairman
Sunil Sudhir Prabhune Head-IT, Chief Executive-Rural & Housing Finance
Apurva Rathod Secretary & Compliance Officer