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L&T Financial Services exits WM business

Indian financial institution L&T Financial Services (LTFS) has sold the entire stake of its Dubai wealth management subsidiary to InCred, a tech-enabled integrated financial services provider, for approximately INR 18.03 crore (US$2.52 million). The sale signifies its complete exit from the wealth management business. “As a part of its strategy centred around sustainable growth, LTFS is focused on businesses where…

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