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
