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.