IL&FS Investment Managers surges, Blackstone to acquire stake

India Infoline News Service | Mumbai | July 14, 2017 11:55 IST

Blackstone Group bids to acquire the early real estate investments of IL&FS in a deal worth USD 200 million.

Private Equity player, Blackstone Group bids to acquire the early real estate investments of IL&FS in a deal worth USD 200 million, after the latter started the process to exit management of these assets, reported a national daily.

IL&FS Investment Managers stock soared over 2% at Rs 15.83 per share on BSE. On NSE, the stock attracted a traded volume of 10,76,826 shares and a traded value of 172.40 lakh.

The company has been maintaining a dividend payout of 59.16%. The stock is providing a dividend yield of 7.79%.

IL&FS Investment Managers Limited (IIML) is a private equity fund management company. The company operates through the segment of fund management and other related services. 

Stock view:

IL&FS Investment Managers Ltd is currently trading at Rs 15.83, up by Rs 0.42 or 2.73% from its previous closing of Rs 15.41 on the BSE.
 
The scrip opened at Rs 15.94 and has touched a high and low of Rs 16.35 and Rs 15.7 respectively. So far 1444092(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 483.92 crore.
 
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 19.55 on 26-Jul-2016 and a 52 week low of Rs 13 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 15.82 and Rs 14.5 respectively.
 
The promoters holding in the company stood at 50.42 % while Institutions and Non-Institutions held 1.9 % and 47.68 % respectively.
 
The stock is currently trading above its 50 DMA.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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