/ IL&FS Investment Managers Surges, Blackstone To Acquire Stake ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 14 July 2017

Private Equity player, Blackstone Group bids to acquire the early real estate investments of IL&FS in a deal worth USD 200 million, after the latter started the process to exit management of these assets, reported a national daily.

IL&FS Investment Managers stock soared over 2% at Rs 15.83 per share on BSE. On NSE, the stock attracted a traded volume of 10,76,826 shares and a traded value of 172.40 lakh.

The company has been maintaining a dividend payout of 59.16%. The stock is providing a dividend yield of 7.79%.

IL&FS Investment Managers Limited (IIML) is a private equity fund management company. The company operates through the segment of fund management and other related services. 

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