L&T Finance, vice-president, Mahesh Pandey, said that the new company will soon seek registration from Sebi for pursuing market related activities. L&T Finance earlier had Sebi registration which was not renewed due to dull market conditions. The new company will focus on structuring of financial instruments, sourcing of capital, both debt and equity through initial public offers (IPO), rights offerings and private placements and other forms of financial advisory and syndication services.

L&T Finance has eight branches spread over major cities all over the country and it will now start recruiting more people for expansion into new areas. The structured finance division of the company is an active player in the private placement segment of the capital market catering to the financial requirements of corporates, public sector units and State government undertaking. The company had recently placed Rs 50 crore five-year bonds of L&T for 10.80 per cent which was oversubscribed by more than Rs 100 crore.