/ IndusInd Bank To Acquire Full Stake In IL&FS ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 15 March 2017

IndusInd Bank has informed that it will acquire 100% stake in Infrastructure Leasing and Financial Services (IL&FS). The proposed agreement is subject to regulatory approvals. IndusInd Bank is trading flat at Rs 1357 per share. The other bank stocks are also trading flat in the morning hours on Wednesday.

Infrastructure Leasing and Financial Services Limited (IL&FS) is a leading infrastructure development and financial services group in India. IL&FS was promoted by the Central Bank of India (CBI), Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India.

Over the years, IL&FS has broad-based its shareholding and inducted Institutional shareholders, to include Life Insurance Corporation of India, ORIX Corporation - Japan, State Bank of India and Abu Dhabi Investment Authority. 

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