IndusInd Bank has entered into an agreement with Infrastructure Leasing and Financial Services Ltd (IL& FS) to acquire 100% stake in IL& FS Securities Services Ltd (ISSL).
The private sector bank, however, did not disclose the cost of acquisition or the price at which ISSL shares were acquired. ISSL, which was incorporated in 2007 as a subsidiary of IL& FS, is a capital market intermediary for professional clearing, depository and custodial Services.
What can be the possible questions from above news:
Q1. Name the Private lender, which has entered into an agreement with Infrastructure Leasing and Financial Services Ltd (IL& FS), recently.
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Source- Business Standard