Larsen & Toubro Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Larsen & Toubro Limited, the promoter of L&T Finance Limited, has submitted a disclosure under SEBI regulations confirming that it has NOT created any encumbrance (pledge or charge) on its holding of 165,25,30,125 equity shares representing 65.99% of L&T Finance Limited. This is a routine compliance filing where promoters periodically declare the status of pledges on their shareholding. The company has requested L&T Finance Limited to communicate this to its Audit Committee at its next meeting as per regulatory requirements.
Positive signal for minority shareholders as the promoters have disclosed a clean shareholding with no pledged shares, indicating no stress on promoter holdings and reducing risk of forced selling. The high 65.99% promoter stake remains stable.