L&T acquires 2.76% stake in L&T Finance Holdings

Our Bureau Updated - March 24, 2022 at 01:13 PM.

Raises stake in NBFC to 66.26% through open market purchases

(File image) Larsen & Toubro’s manufacturing unit in Mumbai | Photo Credit: DANISH SIDDIQUI

Larsen & Toubro, the promoter of L&T Finance Holdings, has acquired 2.76 per cent stake in the company.

“...Larsen & Toubro has acquired 6,82,25,347 equity shares of L&T Finance Holdings…” the non-banking financial company said in a stock exchange filing on Thursday.

The acquisition was through open market purchases between March 17 and 23, 2022.

L&T earlier held 63.5 per cent stake in L&T Finance Holdings and the acquisition raises its stake to 66.26 per cent.

Published on March 24, 2022 07:43

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