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

India Infoline News Service | Mumbai |

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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