L&T Finance Holdings Ltd

Entity type image
Type: Company
Name: L&T Finance Holdings Ltd
First reported 1 hour ago - Updated 1 hour ago - 1 reports

48 private companies likely to sell shares worth $1.8 bn by June

NEW DELHI: As many as 48 private sector companies are expected to offload shares worth about $1.8 billion (about Rs 9,900 crore) in the next five weeks to meet the minimum public holding of 25 per cent.According to a report by Merrill Lynch, there are ... [Published Economic Times - 1 hour ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

StanChart acquires Morgan Stanley’s local wealth business

New Delhi: Standard Chartered Bank will buy US-based Morgan Stanley’s domestic private wealth management business. The deal will be completed by the end of 2013, said Morgan Stanley.The deal will boost Standard Chartered’s private wealth assets under ... [Published India Brand Equity Foundation - 2 hours ago]
First reported 20 hours ago - Updated 20 hours ago - 1 reports

Low-cost CASA deposit key to new banks’ success: Icra

MUMBAI,$ 19 MAY: Ratings agency Icra$ has said that low-cost current and savings account (CASA) deposit base and some regulatory relief in the gradual build-up of priority sector lending targets hold the key to success of non-banking lenders wishing to ... [Published The Statesman - 20 hours ago]
First reported 22 hours ago - Updated 22 hours ago - 1 reports

Rupee ends 22 paise lower against US dollar to cross 55-mark

Source: IRIS (20-MAY-13)Comments | Post CommentIndian rupee settled lower on Monday. It was down by 22 paise or 0.42% against US dollar to Rs 55.11 compared to previous close of 54.89. It opened at Rs 55.05 against US.In the spot market, the Dollar Index ... [Published MyIris - 22 hours ago]
First reported May 20 2013 - Updated May 20 2013 - 1 reports

MSFL downgrades L&T Finance Holdings to Sell

Source: IRIS (20-MAY-13)Comments | Post CommentMarwadi Shares & Finance (MSFL) has downgraded L&T Finance Holdings (LTFH) to 'Sell' with a price target of Rs 68 as against current market price (CMP) of Rs 83 in its report dated May. 20, 2013.Commenting ... [Published MyIris - May 20 2013]
First reported May 20 2013 - Updated May 20 2013 - 1 reports

Banking licence: Vikram Pandit’s India play will not be easy

The JM Financial stock has rallied 43 percent in the last week with investors in favour of a global Indian banker joining a small Indian banker.$ However, the momentum in all probability will be shortlived as markets tend to play up an event in advance ... [Published Firstpost.com - May 20 2013]
First reported May 19 2013 - Updated May 19 2013 - 1 reports

As time nears for stake sale, stocks may go for a spin

With barely a month to go before the minimum public shareholding norms begin coming into force, stocks of firms awaiting significant offloading of promoters’ st­a­ke are set to see a price correction.Analysts expect at least $1.1 billion worth of stake ... [Published Financial Chronicle - May 19 2013]
First reported May 19 2013 - Updated May 19 2013 - 1 reports

Investors make gains amid high volatility

Benchmark share indices gained for the fifth straight week, amid high volatility, led by rate-sensitive shares, after a sharp decline in wholesale inflation numbers in April rekindled hopes of a steeper rate cut by the central bank.Three of the six fund ... [Published Smart Investor - May 19 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

British private equity firm Actis ends road JV with Tata Group

British private equity giant Actis is reportedly exiting its road projects joint venture (JV) with Tata Group by selling its 35 per cent stake to the Indian salt-to-software conglomerate's private equity arm.An official privy to the ongoing discussions ... [Published Topnews.in - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

L&T Finance and Piramal Healthcare CP :India Money Markets

Following is a table showing commercial paper reported by Companies. The data has been provided by NVS Brokerage Ltd. and SPA Securities Ltd.Contributed via: Bloomberg Publisher WEB ServiceProvider ID: 63e19b0360794a3380a4b05cbdb789b7 ... [Published BusinessWeek - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Low cost deposit base key to new bank success: ICRA

Ratings agency ICRA today said that low-cost current and savings account (CASA) deposit base and some regulatory relief in the gradual build-up of priority sector lending targets hold the key to success of non-banking lenders wishing to become banks."Build ... [Published Financial Chronicle - May 17 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Anand Rathi recommends buying L&T Finance for target of Rs 104-113

Anand Rathi Share & Stock Brokers recommends buying L&T Finance Holdings in the range of Rs 80-82.30 for target of Rs 104-113 with stop loss Rs 67.50 from 0-6 months perspective.''L&T Fin has made an inverted head and shoulder pattern on daily charts ... [Published MyIris - May 16 2013]

Quotes

"Many big corporate houses or the companies having sound fundamentals would be able to pare promoters holding, but the same would not be true for small firms as the market does not have the appetite to absorb the shares offered by them" CNI Research Kishor Ostwal said...
...and the current macro environment in the backdrop, we change assumptions accordingly and rollover our TP based on FY15E assumptions and to ` " 68. LTFH currently trades at rich valuations of 1.8x/1.6x its FY14E/FY15E BV, which more than factors the positives for LTFH in near future."
"JM Financial and Vikram Pandit have known and worked with each other extensively for many years since the early days of the growth of financial services in India. We share similar values and are confident that the proposed association will create strong domestic financial services businesses with global best practices and reach" said Nimesh Kampani, chairman of JM Financial Group, in a statement
"Build up of CASA and a relaxation in gradual build up of the priority sector book hold the key to profitability of a new bank" the agency said in a note

More Content

All (80) | News (77) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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48 private companies likely to sell shares wort... [Published Economic Times - 1 hour ago]
StanChart acquires Morgan Stanley’s local wealt... [Published India Brand Equity Foundation - 2 hours ago]
Low-cost CASA deposit key to new banks’ success... [Published The Statesman - 20 hours ago]
Rupee ends 22 paise lower against US dollar to ... [Published MyIris - 22 hours ago]
MSFL downgrades L&T Finance Holdings to Sell [Published MyIris - May 20 2013]
Banking licence: Vikram Pandit’s India play wil... [Published Firstpost.com - May 20 2013]
As time nears for stake sale, stocks may go for... [Published Financial Chronicle - May 19 2013]
Investors make gains amid high volatility [Published Smart Investor - May 19 2013]
JM Financial signs on Vikram Pandit for banking... [Published Individual.com - May 17 2013]
L&T Finance and Piramal Healthcare CP :India Mo... [Published BusinessWeek - May 17 2013]
Do the companies care at all about SEBI’s dikta... [Published Money Life - May 17 2013]
Low cost deposit base key to new bank success: ... [Published Financial Chronicle - May 17 2013]
British private equity firm Actis ends road JV ... [Published Topnews.in - May 17 2013]
Anand Rathi recommends buying L&T Finance for t... [Published MyIris - May 16 2013]
Sensex spurts over 400 pts; Nifty above 6,100 [Published New Indian Express - May 15 2013]
FII inflows, signs of recovery lift market sent... [Published Smart Investor - May 11 2013]
Finance ministry opposes India Post's banking l... [Published PredictWallStreet - May 10 2013]
Finance ministry opposes India Post’s banking l... [Published Livemint.com - May 09 2013]
BSE revises circuit limits of 549 scrips [Published Business Today India - May 08 2013]
BSE revises circuit limits of 549 scrips [Published Economic Times - May 08 2013]
Sensex, Nifty hold gains as buying continues; R... [Published Sify - May 07 2013]
L&T Finance arm to set up Rs 300-cr debt fund [Published Economic Times - May 07 2013]
HSBC: The bank that suddenly came in from the cold [Published Economic Times - May 06 2013]
Banking Newsletter 29 April - 3 May, 2013 [Published India Infoline - May 03 2013]
GMR ties up funds for Himachal project [Published Hindu Business Line - Apr 29 2013]
GMR Infrastructure's step-down subsidiary achie... [Published Indian-Commodity - Apr 29 2013]
Top 10 stocks in action in morning trade [Published Economic Times - Apr 29 2013]
'Expect Tata Motors to outshine Maruti in future' [Published Economic Times - Apr 27 2013]
Future Ventures Buys Stake In KFC Shoemaker [Published Deal Curry - Apr 27 2013]
India Movers: Axis Bank, Gillette India, Hindus... [Published 123Jump - Apr 25 2013]
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MICROFINANCE PAPER WRAP-UP: “2012 MicroMeter;” ... [Published MicroCapital - Mar 19 2013]
Published by the Microfinance Institutions Network (MFIN); 2013; 40 pages; available at: http://www.microfinancegateway.org/gm/document-1.9.60963/MicroMeter_Feb%202013_Issue%2004_5th%20Feb%202013_for%20distribution.pdf The Microfinance Institutions ...
MICROCAPITAL BRIEF: Reserve Bank of India (RBI)... [Published MicroCapital - Mar 11 2013]
The Reserve Bank of India (RBI), the country’s central bank, recently released revised regulations for the licensing of new banks that allow private firms, public sector entities and non-banking financial companies (NBFCs) to establish banks through ...
MICROCAPITAL BRIEF: Reserve Bank of India Proje... [Published MicroCapital - Dec 20 2012]
Antique Stock Broking Ltd., an India-based financial services conglomerate, reportedly has projected that L&T Finance Holding, Shriram Group and Mahindra & Mahindra Financial Services are the three non-banking financial companies (NBFCs) most likely ...
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