Tag Archives: Lt

Centrum set to buy L&T Finance’s supply chain business

Centrum is expected to take on board the executive team of about 60 people, scaling up the business significantly after the buyout. The Centrum Group, controlled by former Standard Chartered banker Jaspal Bindra, is set to acquire L&T Finance’s supply chain lending business that has an outstanding loan book of Rs 800 crore. The divestment is part of a broader Larsen &Toubro ... Read More »

Bain may partially exit L&T Finance; debt-laden Binani Cements attracts 15 suitors

Private equity giant Bain Capital Partners is looking to partially exit L&T Finance Holdings Ltd through a block deal, a business daily reported Quoting an unnamed person, The Economic Times said that Bain Capital will sell a 2.12% stake for Rs 750 crore. “Bain Capital has given the mandate to Citibank to sell a 2.12% stake in L&T Finance at Rs 180-185 ... Read More »

Delhi Lt Governor Najeeb Jung resigns, wants to get back into academics

The 65-year-old former bureaucrat will be going back to his “first love, which is academics”, said the press release issued by Jung’s office In picture, Former Delhi Lt Governor Najeeb Jung (File Photo) RELATED STORIES Democratic decision making process cannot be threatened: IIT-Kharagpur Teacher booked under IPC section 323 and 341 for injuring student: Bihar NEET-UG in 6 additional languages ... Read More »

Lt General Bipin Rawat to succeed General Dalbir Singh as the new army chief

Lt Gen Bipin Rawat will take over as the new Indian Army chief on December 31, after General Dalbir Singh Suhag’s resignation. Also, the vice chief of air staff, Air Marshal BS Dhanoa has been made the new chief of the Indian Air Force. Lt Gen Bipin Rawat RELATED STORIES MS Dhoni’s Jharkhand school celebrates Golden Jubilee Himachal Pradesh: ‘Shikshak ... Read More »