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IL&FS Investment acquires majority stake in Infra Asset Management, AMC Trustee

03 Jan 2017 Evaluate

IL&FS Investment Managers has acquired 86.61% stake of IL&FS Infra Asset Management and 100% stake of IL&FS AMC Trustee, in order to acquire the Infrastructure Debt Fund (IDF) business from IL&FS Financial Services.

IL&FS Investment Managers (IIML), a subsidiary of Infrastructure Leasing & Financial Services (IL&FS), is one of the oldest and largest private equity fund managers in India.

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