The real estate book of L&T Finance is worth Rs 11,210 crore and infrastructure finance is worth 30,521 crore as on March this year

L&T Finance Holdings, a subsidiary of construction major L&T, is planning to divest its real estate and infrastructure book in order to reduce its leverage. The financial services company is in talks with several banks, including India's largest lender State Bank of India to divest part of its books.

The real estate book of L&T Finance is worth Rs 11,210 crore and infrastructure finance is worth Rs 30,521 crore as on March this year. The sale of the books will also help the parent L&T to show lower debt at the consolidated level, said a source close to the development. L&T Finance ...