Creating value for shareholders key; happy to remain a NBFC: L&T Finance

Dinanath Dubhashi, MD & CEO of L&T Finance Holdings said L&T Finance works for only one important stakeholder and that is shareholder.

September 05, 2017 / 16:14 IST

The Motilal Oswal 13th Annual Global Investor Conference is underway. On its sidelines - CNBC-TV18's Ritu Singh caught up with the Dinanath Dubhashi, MD & CEO of L&T Finance Holdings.

Dubhashi said L&T Finance works for only one important stakeholder and that is the shareholders. We believe it is good for shareholders' value, under the current rules to remain a non banking financial company (NBFC) and grow profitability as NBFC, he added.

"Under the new rules if we find a bank or any other form that is more valuable for the shareholders, then we will pursue them. But under the current rules we believe that NBFC is the best route to be," he said.

Watch accompanying video for more details.

first published: Sep 5, 2017 04:13 pm

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