HSBC gets Sebi nod to acquire L&T Investment

HSBC has received Sebi’s nod to acquire L&T Investment Managers. HSBC had announced the acquisition of L&T Finance Holdings’ MF business for $425 million in December. The schemes operated by L&T MF will be transferred to HSBC MF and merged or cons...

By PTI | Updated: Oct 12, 2022, 07.29 AM IST

HSBC has received Sebi’s nod to acquire L&T Investment Managers. HSBC had announced the acquisition of L&T Finance Holdings’ MF business for $425 million in December. The schemes operated by L&T MF will be transferred to HSBC MF and merged or consolidated with identified schemes in line with regulatory guidelines

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