SocGen in talks to sell vehicle finance biz in India to L&T Finance

French Banking group Societe Generale is in talks to sell its wholly owned vehicle finance subsidiary FamilyCredit Ltd to L&T Finance. Kolkata-based FamilyCredit, with a portfolio of more than Rs 1,500 crore, is looking at a valuation of around Rs 1,000-1,200 crore, three people with knowledge of the development told ......