Stocks to buy today: Motilal Oswal's Chandan Taparia decodes how to trade Nifty, Bank Nifty; recommends three stocks to buy today
HDB Financial Services IPO consists of a fresh issue of 33.8 million shares worth ₹2,500 crore and an OFS component of 135.1 million shares worth ₹10,000 crore
LTF stock price hit an over seven-year high of ₹197.10, and was trading higher for the fifth straight day, surging 14% during this period.
Sudipta Roy said that the transfer of the gold business of Paul Merchants Finance will be completed by June 15
Internet service provider Tikona Infinet on Monday announced that they have entered into a definitive settlement agreement with L&T Finance Limited to resolve the dispute on debt bonds. The announcement came after the National Company Law Tribunal (NCLT), Mumbai Bench, earlier admitted an application filed by L&T Finance against Tikona Infinet, citing default on coupon payments for CCDs. Tikona Infinet said the pact was signed on May 10, bringing closure to a previously reported shareholder matter related to Series 'E' Compulsorily Convertible Debentures (CCDs), following which L&T Finance has started the process to withdraw its application. "It was a dispute amongst the shareholders about Coupon Rights. I am glad to inform you that a settlement agreement has already been executed, which will settle all disputes amicably between LTF Limited and the other majority shareholders. A withdrawal application to the NCLT is under process," Tikona Infinet founder and CEO Prakash ...
L&T Finance Ltd's total liabilities stood at Rs 92,247 crore in March 2025 as against Rs 86,161 crore in December 2024 and Rs 76,541 crore in March 2024
Retail-focused non-bank lender L&T Finance Holdings on Friday reported a 15 per cent rise in consolidated net profit to Rs 636 crore for the January-March quarter of 2024-25. The company had earned a net profit of Rs 554 crore in the corresponding quarter of the previous financial year. During the quarter, the NBFC's total income increased to Rs 4,027 crore from Rs 3,676 crore a year ago, L&T Finance said in a regulatory filing. Interest income grew to Rs 3,750 crore during the period under review, from Rs 3,323 crore in the corresponding quarter a year ago. Retail disbursements rose to Rs 14,899 crore as compared to Rs 15,044 crore in the last quarter of the previous year. The NBFC firm plans to foray into gold loans and entered into a business transfer agreement with Paul Merchants Finance Pvt Ltd for the proposed acquisition of their gold loan business undertaking by way of a slump sale on a going concern basis, subject to fulfilment of customary closing conditions. "The ...
The agreement is subject to necessary approvals and the fulfilment of all conditions precedent to closing
Its Net Interest Margin + Fees & Other Income stood at 10.33 per cent for Q3Fy25 down from 10.93 per cent in Q3Fy24, according to Analysts presentation
In one month, the BSE 500 index has underperformed the market by falling 8.1 per cent, as compared to the 6.5 per cent decline in the BSE Sensex during the period
Long build up is seen in the L&T Fin Futures, where we have seen 18 per cent rise in the open interest with price rising by 2.5 per cent
Retail loan growth may slow down to 15-20% from over 25%
Warns on persisting headwinds; may calibrate growth; credit costs rise
L&T Finance on Wednesday said it is expecting a decent uptick in automobile demand during the festive season on the back of good monsoon and is hopeful of a reasonable improvement in the microfinance segment in the second half of the current fiscal. "Of late, there are reports that the auto industry is seeing some slowdown, but I am very hopeful that on the back of good monsoon that we see, I think during the festive period, we will see a decent uptick both in terms of two-wheelers as well as four-wheelers," L&T finance Managing Director and Chief Executive Officer Sudipta Roy told PTI. Speaking on the sideline of the three-day Global Fintech Festival, Roy said in terms of loan disbursements, overall, the two-wheeler segment is doing very well, adding that, "post Diwali, the demand has been relatively robust. We have been seeing ... our disbursements going somewhere between 15-20 depending upon the region." Stating that the microfinance industry is currently going through a ...
L&T Finance shares soared up to 3 per cent, at Rs 189.85 per share on the BSE in Thursday's intraday deals
Firm stepping up borrowing through Commercial Paper to make the most of soft interest rates
Its NIM plus fees and other income improved by 144 basis points to 11.08 per cent in Q1FY25 from 9.64 per cent in Q1FY24, LTF said in a statement
Shares of L&T Finance extended their gains on Friday, rising 4.5 per cent at Rs 183.20 per share on the BSE in Friday's early morning deals
Non-bank lender aims to scale up loan against properties
Stocks to Watch, Thursday, June 13, 2024: According to reports, investment firm Bain Capital and BNP Paribas will likely sell shares worth Rs 1,500 crore of L&T Finance, through block deals today