Further to the disclosure dated June 26, 2018 in relation to IndusInd Bank having entered into a definitive Share Purchase Agreement (SPA) with Infrastructure Leasing and Financial Services (IL&FS), the promoter shareholder of IL&FS Securities Services Limited (ISSL), to acquire 100% of ISSL (Proposed Acquisition) and the Press Release made by IndusInd Bank in relation to the Proposed Acquisition, Indusind Bank has informed that the SPA stands terminated as all conditions precedent were not satisfied within the stipulated time period. Further, the newly constituted Board of Directors of IL&FS has decided to initiate a new process for the sale of its equity interests in ISSL.
The above information is a part of company’s filings submitted to BSE.
