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IndusInd Bank enters into agreement to acquire 100% stake of ISSL

15 Mar 2017 Evaluate

IndusInd Bank has entered into an agreement with Infrastructure Leasing and Financial Services (IL&FS) the Promoter Shareholders of IL&FS Securities Services (ISSL) to acquire 100% of ISSL. The proposed transaction is conditional on definitive agreements and approvals, including regulatory approvals. The proposed transaction is expected to be made effective within the next 3 months.

ISSL was incorporated in FY2007 as a subsidiary of IL&FS and ISSL is a leading Capital Market Intermediary for Professional Clearing, Depository and Custodial Services. ISSL services both Retail and Institutional clients including over 1,000 Brokers, FPI’s and FII’s. ISSL has a comprehensive platform for various financial services intermediaries with a flow in excess of 1 million transactions per day and is a leading clearing member on equity exchange traded derivatives.



Indusind Bank Share Price

922.20 -27.65 (-2.91%)
11-May-2026 16:00 View Price Chart
Peers
Company Name CMP
HDFC Bank 764.55
ICICI Bank 1266.15
Axis Bank 1271.05
Kotak Mahindra Bank 381.30
Indusind Bank 922.20
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