Lavassa land deal and L&T Fin Holdings

L&T Infrastructure Finance, a subsidiary of L&T Finance Holdings, has signed a pact with Lavasa Corp to buy 20.23 ha land in Lavasa City. The land has a development potential of five lakh sq ft. It proposes to use the land for corporate purposes and potentially for back-office requirements of L&T’s financial services operations. The company did not disclose the financial details. The L&T Finance Holdings stock could see higher activity on the back of this development.