Question
What is the significance of L&T Finance Holdings Ltd
merging its subsidiaries, and how does it impact the company's structure?Solution
The merger of L&T Finance Holdings Ltd with its three subsidiaries—L&T Finance Limited (LTF), L&T Infra Credit Limited (LTICL), and L&T Mutual Fund Trustee Limited—aims to streamline operations into a single lending entity. The significance lies in creating a simplified 'Single Lending Entity' where all lending businesses are consolidated under one Non-Banking Financial Company (NBFC), which is L&T Finance Holdings Ltd. This strategic move enhances operational efficiency, reduces complexity, and allows for better management of the lending portfolio. The merger, effective from December 4, signifies the company's commitment to a more consolidated and streamlined structure, potentially leading to improved synergy and performance across its lending businesses.
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