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| Exchange Disseminated Time 10/08/2016 10:18:22 | | L&T Finance Holdings Ltd has informed BSE that the Board of Directors of L&T Finance Holdings through Circular Resolution dated August 10, 2016 has taken note of the proposed amalgamation involving its wholly owned subsidiaries i.e., L&T Finance Limited ("L&T Finance") and L&T FinCorp Limited ("L&T FinCorp") [together referred to as "Transferor Companies"] with Family Credit Limited ("Family Credit") ["Transferee Company"], in terms of Sections 391 to 394 of the Companies Act, 1956 and other applicable provisions, if any of the Companies Act, 1956 and Companies Act, 2013 ("Scheme"). |
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