L&t Fin Holdings

NBFC major L&T Finance Holdings receives approval for name change from RoC

The name of L&T Finance Holdings (LTFH) has been changed to L&T Finance Ltd following approval from the Registrar of Companies (RoC), the company said in a statement on Friday. Mumbai-headquartered L&T Finance, formerly known as L&T Finance Holdings, is a leading non-banking financial company (NBFC), offering a range of financial products and services. L&T Finance Managing Director & CEO Sudipta Roy said subsequent to the merger, effective December 4, 2023, the rebranding initiative reflects company's commitment towards creation of the simplified 'single lending entity', housing all lending businesses under one operating NBFC. "To us, the name change simply signifies a renewed focus on delivering value to our customers and driving sustainable growth," Roy said. In December 2023, the company had successfully completed the merger of its subsidiaries -- L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee, with itself. Apurva Rathod, Company ...

IIFL, Manappuram, L&T Finance: These NBFCs can fall another 22%; here's why

Among the frontline NBFCs, Bajaj Finance looks interestingly poised, with the stock attempting to form a bottom following a 17 per cent decline since mid January, suggests technical chart.

Run-up to MPC meeting: 'Time not ripe to signal monetary policy reversal'

Domestically, growth, especially in non-agricultural segments, is holding firm amid improved macro-financial stability

RBI imposes Rs 2.50-cr penalty on L&T Finance for non-compliance of norms

The statutory inspection of the company was conducted by the RBI with reference to its financial position as of March 31, 2021, and March 31, 2022

Stocks to Watch today: Marico, OMCs, Sheela Foam, Suryoday SFB, defence

Stocks to Watch on Thursday, October 5, 2023: The government, on Wednesday, released the fifth Positive Indigenisation List (PIL) of 98 items which will be procured by the three armed services

L&T Finance Holdings declares final dividend of Rs 2 per share; stock falls

Shares of L&T Finance Holdings fell over 1 per cent at Rs 105.60 on BSE

L&T MF and ex-officials settle inter-scheme transfer case with Sebi

The matter pertains to inter-scheme transfers of L&T Mutual Fund for the period between April 01, 2017 and June 30, 2018

IDFC, L&T Finance, 3 others hit 52-week highs; charts show up to 23% upside

Stock reaching fresh 52-week highs may further see up to 23 per cent upside

L&T Finance to increase retail loan portfolio to 75% of total loan book

In the September quarter, the company's retail book for the first time crossed Rs 50,000-crore milestone

L&T Finance Holdings completes sale of L&T AMC for Rs 3,484 crore

L&T Finance Holdings on Friday completed the sale of L&T AMC to HSBC Asset Management, according to a regulatory filing. "...With respect to the proposed sale of 100 per cent of the paid-up share capital of L&T Investment Management Ltd, asset manager of L&T Mutual Fund, to HSBC Asset Management (India) Pvt Ltd, asset manager of HSBC Mutual Fund, ...the said sale transaction has been completed on November 25, 2022," the company said. L&T Investment Management Ltd (LTIML) is a wholly-owned subsidiary of L&T Finance Holdings. L&T Investment Management Ltd will receive an aggregate purchase consideration of INR (Indian currency) equivalent of USD 425 million, subject to adjustments as set out in the definitive documents as consideration for the transaction. The company has received Rs 3,484 crore (equivalent of USD 425 million) as consideration for the sale of LTIML from the purchaser; and also realised surplus cash balance of Rs 764 crore in LTIML, it said.

L&T Finance Holdings Q1 net up 47% to Rs 262 cr on better interest margins

Firm expects NIM plus fees to stay above 8% in FY23

5-day rally halts! L&T Finance down 7% on profit-taking post L&T stake hike

On Wednesday, the stock ended 18 per cent higher after L&T bought 41.49 million equity shares of L&T Finance Holdings for Rs 348 crore.

L&T Finance Holdings looks to hike retail share to 80% by FY26

To ramp up its capacity to face asset quality pressures, LTFH aims to increase provision coverage ratio to 60 per cent by FY26

L&T Finance Holdings' net profit rises 12% to Rs 326 cr in Dec quarter

L&T Finance Holdings on Friday reported a 12 per cent increase in its net profit to Rs 326 crore for the quarter ended December 2021. The non-banking finance company (NBFC) had registered a net profit of Rs 291 crore in the year-ago period. In a statement, the company said it witnessed strong improvement in disbursements and collections in Q3FY22, and witnessed an all-time high retail quarterly disbursements of about Rs 7,600 crore, up by 29 per cent from a year ago. Total income during the October-December 2021 period, however, was down at Rs 3,099 crore, as against Rs 3,504 crore in Q3FY21. "The period saw businesses returning to pre-COVID-19 levels despite industry de-growth during the festive season. "In our retail businesses of farm and two-wheeler finance, we maintained business momentum as a leading retail financier with a stable market share, owing to our digital and data analytics capabilities," Dinanath Dubhashi, managing director and CEO of L&T Finance Holdings, ...

Stocks to Watch: Data Patterns, Tega, LTFH, GMR Infr, Allcargo, Ajanta Phar

Data Patterns is likely to witness a bumper listing, with Grey Market Premium (GMP) indicating a likely 45-50 per cent premium to its issue price.

Stocks to Watch: Havells, JustDial, Jubilant Food, L&TFH, TajGVK, Tata Comm

Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today

Ceat, Dr Reddy's: Be careful! These 5 stocks can dip up to 15% from here

A clear breakdown on price action and chart patterns may lead to slide in these stocks

L&T Finance Holdings says Q4 net profit down 30% on one-time expenses

Quarter continued to see economic recovery across sectors led by rural and infrastructure space, company says.

L&T Finance Holdings' rights issue to open on Feb 1; stock surges 7%

The company has fixed January 22, 2021 as record date to determine the equity shareholders entitled to receive the rights entitlement in the rights issue.

L&T Finance Holdings' consolidated PBT declines 39.15% in Q4FY20

Referring to loan growth, the company said the impact of Covid-19 on the book was mainly to the extent of reduction in disbursements post lockdown in March