India Infoline has acquired 0.93% equity shares of India Infoline Marketing Services (IIMSL) held by Bennett, Coleman & Company, thereby making IIMSL its wholly owned subsidiary (WOS). The board at its meeting held on January 10, 2012 has considered and taken the note of the above.
The board has also approved the merger of IIMSL with the company pursuant to section 391 to 394 of the Companies Act, 1956 and subject to necessary regulatory and court approvals. The appointed date of the merger is April 1, 2011 and as IIMSL is WOS of the company, the proposed merger will not involve any consideration.
Further, the board noted the acquisition of 371,151 equity shares of India Infoline Finance, the NBFC subsidiary of the company by Bennett, Coleman & Company.
India Infoline offers financial services ranging from equities, derivatives, commodities, wealth management, asset management, insurance, fixed deposits, loans, investment banking, GoI bonds and other small savings instruments.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: