New Delhi: Private sector lender IndusInd Bank Tuesday said its agreement to fully acquire IL&FS Securities Services Ltd has been terminated due to non fulfilment of conditions.In June this year IndusInd Bank had signed a share purchase agreement with Infrastructure Leasing and Financial Services Ltd to acquire its securities services subsidiary. “The share purchase agreement stands terminated as all the …
Mumbai: Private sector lender IndusInd Bank Ltd on Tuesday said that it has signed a share purchase agreement with Infrastructure Leasing and Financial Services Limited, and other minority shareholders to acquire 100% of IL&FS Securities Services Limited,, a subsidiary of IL&FS. “The acquisition will help us scale up the present capital market business in the bank and bring new specialised …
