At meeting held on 23 December 2021
The Board of L&T Finance Holdings at its meeting held on 23 December 2021 has considered and approved the sale of 100% of the paid-up share capital of L&T Investment Management (LTIML), a wholly owned subsidiary of the Company and the asset manager of L&T Mutual Fund, to HSBC Asset Management (India) (HSBC AMC).Simultaneously with the sale, the schemes managed by LTIML will be managed by HSBC AMC, the board of trustees of HSBC Mutual Fund will be appointed as the trustee of the schemes of L&T Mutual Fund and certain schemes of L&T Mutual Fund will be merged and consolidated with HSBC schemes in accordance with the SEBI (Mutual Funds), Regulations, 1996.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app