Marking a significant chapter in its post-merger journey, L&T Finance Holdings, a leading non-banking financial company (NBFC) in India, has officially transitioned to a new identity – L&T Finance Ltd. The company secured the name change after receiving approval from the Registrar of Companies (RoC) on March 28, 2024.
New Name Signals Streamlined Operations
This rebranding initiative follows the successful merger of L&T Finance Holdings, L&T Infrastructure Credit, and L&T Mutual Fund Trustee in December 2023. The company envisioned a simplified structure to enhance its offerings and customer experience. The new name, L&T Finance Ltd, embodies this vision by reflecting the creation of a “single lending entity.”
Sudipta Roy, Managing Director & CEO of L&T Finance, emphasized that the name change signifies the company’s commitment to this new structure. By consolidating all lending businesses under one operational NBFC, L&T Finance aims to achieve greater efficiency and potentially provide a more seamless experience for its customers.
Name Change Completes Post-Merger Integration
Apurva Rathod, Company Secretary and Chief Sustainability Officer at L&T Finance, elaborated on the formalities behind the name change. Following regulatory requirements post-merger, the company surrendered the registration certificates of L&T Finance and L&T Infra Credit to the Reserve Bank of India (RBI). This paved the way for initiating the name change process with the RoC.
The issuance of the fresh Certificate of Incorporation on March 28, 2024, marks the culmination of this process, signifying the successful completion of all objectives outlined in the amalgamation scheme. The new name, L&T Finance Ltd, is effective immediately.
This development serves as a major milestone for L&T Finance as it integrates its operations under a unified brand. The streamlined structure promises to fuel the company’s growth trajectory and solidify its position as a leader in the NBFC sector. Moreover, industry experts anticipate that this move will enable L&T Finance to better compete with established players in the market. With a simplified approach and a refreshed identity, L&T Finance Ltd appears poised to make a strong mark in the times to come.
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