Stocks

L&T Finance: Will fund infusion make it fertile?

| Updated on July 04, 2019 Published on July 05, 2019

 

Shares of L&T Finance Holdings will remain in focus, as its wholly-owned subsidiary L&T Finance will receive funds through external commercial borrowing. The NBFC will receive $550 million from IFC, BNP Paribas, Citibank and DBS Bank. IFC, a member of the World Bank group, alone, will infuse $125 million. The funds would be used by L&T Finance to expand its farm equipment finance book by extending loans to farmers for buying equipment and modernising farming.

Published on July 05, 2019
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