Mumbai, September 25, 2009: L&T Finance Limited (LTF) and Cholamandalam DBS Finance Limited (CDFL) have today signed an MoU for the purchase by LTF of the 100% shareholding of CDFL in DBS Cholamandalam Asset Management Limited (DCAM) for a consideration of Rs. 45 crores adjusted for cash balance and current assets as of date of closing.