Sensex 27019.39 151.84 0.57%
Nifty 8083.05 55.35 0.69%
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.
India Infoline Research Team / 08:59, Sep 02, 2014
The indices are expect to open on a positive note. Some profit booking could always set in later in the day.