LTFHL, through its subsidiaries, is into services across rural, housing and wholesale finance businesses. Its group entities also offer fund management and non-fund based services such as insurance and mutual fund distribution.
The entities rasing money through commercial paper are — L&T Finance up to Rs 9,000 crore, L&T Infrastructure Finance, Rs 5,000 crore and L&T Housing Finance, Rs 1,000 crore. LTFHL is raising about Rs 250 crore through debentures, according to rating agency Icra.
Generally, finance companies raise resources over a period in one or more tranches, based on an assessment of requirements, said a senior official with a merchant banking entity that arranges issues.
On a consolidated basis, for 2016-17, LTFHL reported a net profit of Rs 1,042 crore on an asset base of Rs 72,514 crore. It had reported a net profit of Rs 857 crore on an asset base of Rs. 63,746 crore in FY16. Net worth of the consolidated entity was Rs 9,107 crore as on end-March 2017.
 "L&T Finance Holdings and group to raise Rs 15,000 cr for IPO finance")