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Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,445/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 94.38 USD ₹ 93.95
Home News Business
L&T Finance Holdings forays in to Housing Finance
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Larsen and toubro
L&T Finance Holdings Limited (LTFH) has announced its entry into the housing finance business, with the signing of definitive agreements for the acquisition of Indo Pacific Housing Finance Ltd (IPHF), a small sized housing finance company. “Consummation of this acquisition is subject to receipt of appropriate regulatory approvals,” LTFH has stated in a release.

As of its last audited results, IPHF had loan book size of Rs 193.5 crores. It has 34 branches, primarily in the southern and western regions. It also has a fully staffed professional team with hands-on experience in housing finance.

This acquisition will synergize with LTFH’s existing Financial Services Businesses by deepening and widening its services.

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Story first published: Monday, March 12, 2012, 15:21 [IST]
See More On: larsen, housing finance
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