YM Deosthalee, Wholetime Director & CFO of L&T said that the company will look to unlock value in financial services business in the next 12 months. The company may consider listing or merger. He said that the company is hoping to enter insurance business soon and is targeting to be among top 10 funds in India.
He further said that there is a need to create image of stable, strong fund among customers. Value unlocking is expected in L&T Finance and L&T Infa Finance. He said the company is not looking at acquisitions in near future. L&T has pumped in Rs 1500 crore since the inception of L&T Finance. He is expecting fruther investment of Rs 500 crore in the next 2 years. L&T Finance has 70 branches.