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    Question

    Which entity transitioned from an NBFC-Core Investment

    Company (NBFC-CIC) to a Non-Banking Financial Company (Investment and Credit Company) (NBFC-ICC) following a merger of its subsidiaries?
    A HDFC Ltd. Correct Answer Incorrect Answer
    B Bajaj Finance Ltd. Correct Answer Incorrect Answer
    C L&T Finance Ltd. Correct Answer Incorrect Answer
    D Tata Capital Correct Answer Incorrect Answer
    E Aditya Birla Finance Correct Answer Incorrect Answer

    Solution

    L&T Finance Ltd. transitioned to a Non-Banking Financial Company (Investment and Credit Company) (NBFC-ICC) after merging with its subsidiaries, as mentioned in the document.

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