December 2, 2022

L&T Fin Companies completes MF arm sale to HSBC Asset India

LT Fin Services completes MF arm sale to HSBC Asset

LT Fin Services completes MF arm sale to HSBC Asset

L&T Monetary Companies has accomplished the sale of its wholly-owned subsidiary L&T Funding Administration and the asset supervisor of L&T Mutual Fund to HSBC Asset Administration (India) on Friday.

“We want to inform that the stated sale transaction has been accomplished in the present day and the corporate has acquired ₹3,484 crore as consideration for the sale and in addition realised surplus money stability of ₹764 crore pursuant to the definitive paperwork,” stated L&T Monetary Companies.

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