 "L&T Finance")
As part of a business rehaul, L&T Finance Holdings (LTFH), a subsidiary of engineering major Larsen and Toubro Ltd (L&T), will focus only on retail finance and exit wholesale and realty funding business within the next two years.
S N Subrahmanyan, chief executive and managing director, L&T has been appointed as chairperson of the finance company. He replaces Shailesh Haribhakti, who would continue to be independent director on the board of the company. This is in line with L&T’s overall commitment to strengthen its presence in the services area.
A M Naik, chairman L&T said shareholders of L&T have not
