Business News | Cyril Amarchand Mangaldas Advises L&T Finance Holdings on Merger of Its Subsidiary Entities

BusinessWire India

Mumbai (Maharashtra) [India], December 22: Cyril Amarchand Mangaldas advised L&T Finance Holdings (LTFH) on the merger of L&T Finance Limited (LTF), L&T Infra Credit Limited (LTICL) and L&T Mutual Fund Trustee Limited (LTMFTL) with L&T Finance Holdings Limited (LTFH).

Also Read | Dry Day Full Movie Leaked on Tamilrockers, Movierulz & Telegram Channels for Free Download and Watch Online; Jitendra Kumar, Shriya Pilgaonkar's Prime Video Movie Is the Latest Victim of Piracy?.

The General Corporate, Disputes and Financial Regulatory Practice of Cyril Amarchand Mangaldas advised on the transaction. The transaction team was led by Pranay Chandran, Partner; with support from Shweta Sriram, Principal Associate; Amanee Kadakia, Associate; and Kinjal Sharma, Associate.

Tapan Deshpande, Director-Corporate Litigation; with support from Aekaanth Nair, Senior Associate-Designate; assisted on representation before the NCLT, Kolkata and Mumbai. Anu Tiwari, Partner and Co-Head - Fintech; Jian Johnson, Partner; with support from Hamraj Singh, Senior Associate; and Karthik Narayan, Associate provided inputs on RBI and SEBI related aspects.

Also Read | Anyone But You Review: Sydney Sweeny and Glen Powell’s Rom-Com Get Mixed Response, Critics Call It ‘Soulless’.

The transaction involved amalgamation of LTFH's subsidiaries, LTF, LTICL and LTMFTL with LTFH, pursuant to a scheme of arrangement under the provisions of Sections 230 - 232 read with Section 52 of the Companies Act, 2013, and other applicable regulatory requirements (the "Scheme").

Other advisors to the transaction included Ernst & Young LLP (acted as financial advisor for L&T Finance Holdings Limited).

The Scheme has been made effective from December 4, 2023.

(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)