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Indusind Bank Ltd. - Proposed Acquisition By Indusind Bank Limited Of 100% Of The Shares Of IL&FS Securities Services Limited, The Securities Services Subsidiary Of IL&FS.

| Updated on November 13, 2018 Published on November 13, 2018

Madam / Dear Sir,

Sub: Proposed acquisition by IndusInd Bank Limited of 100% of the shares of IL&FS Securities Services Limited, the securities services subsidiary of IL&FS

Further to the disclosure dated June 26, 2018 in relation to IndusInd Bank Limited having entered into a definitive Share Purchase Agreement (SPA) with Infrastructure Leasing and Financial Services Limited (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 Limited in relation to the Proposed Acquisition, we wish to inform you that the SPA stands terminated as all conditions precedent were not satisfied within the stipulated time period.

We understand that 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.

Pdf Link: Indusind Bank Ltd. - Proposed Acquisition By Indusind Bank Limited Of 100% Of The Shares Of IL&FS Securities Services Limited, The Securities Services Subsidiary Of IL&FS.

Source : BSE - www.bseindia.com

Published on November 13, 2018
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