L&T; FINANCE HOLDINGS LTD. - 533519 - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
Pursuant to the intimation filed by the Company on August 28, 2019, in relation to the execution of the agreement by the Company to sell its investment in L&T; Capital Markets Limited ('LTCM'), its wholly owned subsidiary (carrying on the Indian wealth management business), to IIFL Wealth Finance Limited, please be informed that on April 24, 2020 the Company has completed the sale of its investment in LTCM to IIFL Wealth Finance Limited, and accordingly, LTCM has ceased to be a subsidiary of the Company. Further, the details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are given in Annexure A.24-04-2020