L&T Finance

SocGen in talks to sell vehicle finance biz in India to L&T Finance

28 August, 2012

French Banking group Societe Generale is in talks to sell its wholly owned vehicle finance subsidiary FamilyCredit Ltd to L&T Finance. Kolkata-based FamilyCredit, with a portfolio of more than Rs 1,500 crore, is looking at a valuation of around Rs 1,000-1,200 crore, three people with knowledge of the development told VCCircle.


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L&T Finance buys SocGen’s vehicle finance biz in India for $22M

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SocGen in talks to sell vehicle finance biz in India to L&T Finance

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