We refer to our earlier letter dated January 13, 2023 informing the stock exchanges about the approval of the Board of Directors ('Board') of L&T Finance Holdings Limited ('Company') for the amalgamation of L&T Finance Limited ('LTF'), L&T Infra Credit Limited ('LTICL') and L&T Mutual Fund Trustee Limited ('LTMFTL'), wholly owned subsidiaries of the Company with the Company, by way of merger by absorption pursuant to a scheme of arrangement under the provisions of Sections 230 - 232 read with Section 52 of the Companies Act, 2013, and other applicable regulatory requirements (the 'Scheme').
In this regard, please note that the Reserve Bank of India vide its letter dated March 24, 2023 has accorded it's 'no objection' for the Scheme.
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