Free Press Journal

Centrum buys L&T Fin’s supply-chain finance unit

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Mumbai: Centrum Financial Services, the NBFC arm of the Centrum group, has signed a pact to acquire the supply chain finance business of L&T Finance, for an undisclosed sum.

L&T Finance has a loan book of around Rs 800 crore, a staff strength of 50 professionals and operates out of 16 cities in the country. Centrum Financial MD and CEO Ranjan Ghosh said the supply chain finance business is a fast growing area and the company is looking to increase its presence in this space.