Morgan Stanley buys 3.13 crore shares of L&T Finance for Rs 534 crore via block deal

June 13, 2024

Bain Capital sold 8.82 crore shares of the company through its affiliates BC Asia Investment VI and BC Asia Growth Investment. For sometime, it has been planning a complete exit from L&T Finance by selling its existing stake.

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Mahesh Patil of ABSL AMC suggests mid and small-cap companies may see renewed investment. Despite higher valuations, their long-term growth potential remains attractive. Rate cuts

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