MUMBAI: L&T Finance, L&T Infra Credit, and five other non-banking financial companies have surrendered their certificates of registration to RBI. Following this, the central bank cancelled their certificates of registration as they ceased to be a legal entity after amalgamation, merger, dissolution or voluntary strike-off.
In Dec last year, L&T Finance Holdings had announced the completion of merger of subsidiaries L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee, with itself. The other five NBFCs which surrendered their CoR are Marudhar Food & Credit, Creative Intra, Jinvani Trading & Investment, Manjushree Fincap, and Shruti Financial Services.
