Don’t miss the latest developments in business and finance.

L&T Finance Holdings provides update on proposed scheme of amalgamation

Image
Capital Market
Last Updated : Aug 11 2016 | 12:01 AM IST

Through circular resolution of Board dated 10 August 2016

L&T Finance Holdings announced that the Board of Directors of L&T Finance Holdings through Circular Resolution dated 10 August 2016 has taken note of the proposed amalgamation involving its wholly owned subsidiaries i.e., L&T Finance ("L&T Finance") and L&T FinCorp ("L&T FinCorp") [together referred to as "Transferor Companies"] with Family Credit ("Family Credit") ["Transferee Company"], in terms of Sections 391 to 394 of the Companies Act, 1956 and other applicable provisions, if any of the Companies Act, 1956 and Companies Act, 2013 ("Scheme").

Powered by Capital Market - Live News

Also Read

First Published: Aug 10 2016 | 10:25 AM IST

Next Story