Indian engineering and construction firm Larsen & Toubro plans to list or partly sell stake in two finance units over the next 12 months, the Business Standard newspaper reported on Tuesday.
"The financial services business has to be independent. We are looking at various options for unlocking value of this business," the paper quoted Chief Financial Officer Y. M. Deosthalee as saying on the sidelines of a conference.
He said the decision would be taken by the third quarter of 2010/11.
Larsen operates two wholly owned financial services units -- L&T Finance and L&T Infrastructure Finance.
On Monday, the company launched its asset management company under L&T Finance.
