L&T Finance spurts on subsidiary inking pact with International Tractors

L&T Finance Holdings is currently trading at Rs. 69.65, up by 1.15 points or 1.68 % from its previous closing of Rs. 68.50 on the BSE. The scrip opened at Rs. 69.75 and has touched a high and low of Rs. 70.45 and Rs. 69.50 respectively. So far 1121323 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.35 on 13-Mar-2014 and a 52 week low of Rs. 53.00 on 07-Aug-2013. Last one week high and low of the scrip stood at Rs. 69.35 and Rs. 66.15 respectively. The current market cap of the company is Rs. 11977.59 crore. The promoters holding in the company stood at 76.61 % while Institutions and Non-Institutions held 5.22 % and 18.16 % respectively. L&T Finance Holdings’ wholly owned subsidiary, L&T Finance (LTF) has inked pact with International Tractors, a Sonalika Group farm equipment maker, for tractor loan financing. The partnership aims at providing easy credit and financing benefits to Sonalika’s customers across the country. L&T Finance, which offers a wide spectrum of financial products and services for trade, industry and agriculture, is looking to further expand its base in rural retail financing.