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Accounting for Managers

Assignment 1
PSU heavyweight BHEL has approved the divestment of 5 per cent of government holding in the company. Using the attached financial data of BHEL surface the reason and impact of the divesture. Assignment 2
LNT Finance was one of the most awaited IPO of 2011 .Incorporated in 2008, L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors as well as mutual fund products and investment management services. Promoted by Larsen & Toubro Ltd, one of the leading companies in India, with interests in engineering, construction, electrical and electronics manufacturing and services, information technology and financial services, L&T Finance Holdings is registered with the RBI as a Systemically Important Non-Deposit Taking Non-Banking Financial Company and has applied for registration as a Core Investment Company.
Company’s operations are arranged into four business groups – the Infrastructure Finance Group, the Retail Finance Group, the Corporate Finance Group and the Investment Management Group. LTF’s customer includes individual retail customers as well as large companies, banks, multinational companies and small- and medium-enterprises.
Objects of the Issue:
1. Repayment of inter corporate deposit issued by Promoter to the Company;
2. To augment the capital base of L&T Finance and L&T Infra, to meet the capital adequacy requirements to support the future growth in their business;
3. To achieve the benefits of listing on the Stock Exchanges; and
4. For other general corporate purposes including meeting the expenses of the Issue.
Issue Detail:
Issue Open: Jul 27, 2011 – Jul 29, 2011
Issue Type: 100% Book Built Issue IPO
Issue Size: Equity Shares of Rs. 10
Issue Size: Rs. 1,245.00 Crore
Face Value:

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