L&T Finance Holdings Granted Approval For Name Change By RoC

L&T Finance Holdings (LTFH) has officially become L&T Finance after receiving approval from the Registrar of Companies (RoC), as stated by the company in a press release on Friday. Based in Mumbai, L&T Finance, previously known as L&T Finance Holdings, stands as a non-banking financial company (NBFC), providing various financial products and services.

Sudipta Roy, Managing Director & CEO of L&T Finance, emphasised that the renaming, post the merger effective 4 December 2023, underscores the company's dedication to establishing a unified 'single lending entity', consolidating all lending operations within one operational NBFC. Roy added that the name change signifies a renewed focus on enhancing customer value and fostering sustainable growth.

The merger in December 2023 saw the successful integration of subsidiaries like L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee into the parent company. Apurva Rathod, Company Secretary and Chief Sustainability Officer of L&T Finance, explained that to comply with regulatory obligations post-merger, the certificates of registration of L&T Finance and L&T Infra Credit were surrendered to the Reserve Bank of India (RBI), paving the way for the name change process.

Rathod further highlighted that the approval from ROC for the name change, along with the issuance of a fresh Certificate of Incorporation on 28 March 2024, signifies the fulfillment of all objectives outlined in the amalgamation scheme. Effective 28 March 2024, the company operates under the new name, L&T Finance.