IL&FS INVESTMENT MANAGERS LTD. - Outcome of Board Meeting

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03 May 2016
IL&FS Investment Managers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 03, 2016, has approved the following :<BR><BR>1. The Company currently holds 51% shares in its subsidiary, IL&FS Asian Infrastructure Managers Limited (lAIML). The balance 49% shares are held by ORIX Corporation, Japan. The Board decided to acquire the balance 49% holding of ORIX Corporation, Japan i.e. 2,250,000 shares of lAIML at a price of Rs. 12.34 per share or for a total consideration of Rs. 27,765,000/-. This acquisition will make lAIML a 100% subsidiary of the Company. The transaction is being done at a price based on an Independent Valuation.<BR><BR>2. Amendment to the Articles of Association of the Company to adhere to the new Companies Act, 2013.
View all announcements for IL&FS INVESTMENT MANAGERS LTD.	Source: BSE India

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