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    L&T FIN to own 100% of General Insurance Company
It is good to know that L&T Finance Ltd, a 100% subsidiary of Larsen & Toubro Ltd (L&T), will not be partnering with any foreign entity to float the venture for General Insurance Company
The announcement to foray into general insurance business is expected in the next few months.
However, Deosthalee did not divulge the quantum of capital their proposed insurance business would initially require and the timing when L&T Finance would venture into areas like mutual funds and asset management activity.
         
 
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