In early July, L&TFH informed that the share purchase agreement (SPA) with Proud Securities and Credits Pvt Ltd (an NBFC firm forming a part of InCred group) to sell 100 per cent of its shareholding in L&T Capital Markets (Middle East) was mutually terminated.
source https://economictimes.indiatimes.com/industry/banking/finance/lt-finance-holdings-to-wind-up-dubai-wealth-management-business/articleshow/77026214.cms
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