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L&T Finance plans to acquire Pantaloon retail's stake in insurance JV: reports

India Infoline News Service | Mumbai | November 07, 2012 10:13 IST

Reports stated that a formal announcement is expected within the next 2-3 weeks.

L&T Finance Holdings, the financial services arm of L&T, is planning tobuyout Pantaloon Retail's stake in the latter's general insurance joint venture Future Generali India Insurance Company, according to reports.

Reports stated that a formal announcement is expected within the next 2-3 weeks.

Currently L&T General Insurance Company is a wholly-owned subsidiary of parent L&T, founded two years ago, says report.


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L&T Finance plans to acquire Pantaloon retail's stake in insurance JV: reports
L&T Finance plans to acquire Pantaloon retail's stake in insurance JV: reports
Reports stated that a formal announcement is expected within the next 2-3 weeks.
http://www.indiainfoline.com/article/news-top-story/l-t-finance-plans-to-acquire-pantaloon-retail-s-stake-in-insurance-jv-reports-113110704699_1.html
November 07, 2012 10:13 IST
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