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IL&FS Fund Exits Phase I of Wadhwa Project

Q: The realty fund of financial services major IL&FS Investment Managers has exited the phase-1 of developer Wadhwa Group's residential project in the Ghatkopar suburb of Mumbai for 225 crore.

Reply

Replies (5)
1
After releasing the news shares of IL&FS Investment Managers Ltd. was last trading in BSE at Rs.18 as compared to the previous close of Rs. 18.6. The total number of shares traded during the day was 72966 in over 492 trades.

The stock hit an intraday high of Rs. 18.6 and intraday low of 18. The net turnover during the day was Rs. 1326239.
Mohit


2
In view of the fact that this is not a exposure made by IIML and as a result they have not considered this as a "price sensitive information" for IIML and accordingly no declaration under Clause 36 of the Listing Agreement have been done.
Santosh


3
Do you know Santosh?
IIML is only a fund manager but does not make any direct investments in companies. One of the funds under the company's management has recently made a exposure from Wadhwa Residency Private Limited.
Mohit


4
In reply IL&FS Investment Managers Ltd has stated that IL&FS Investment Managers Limited is a Private Equity Fund Manager and manages private equity funds which invest across various sectors including real estate. The Funds in their normal course of business regularly make investments and divestments in various companies across various sectors.
Santosh


5
The Exchange had seek clarification from IL&FS Investment Managers Ltd with respect to news appearing in The Economic Times on December 17, 2014 titled "IL&FS Fund Exits Phase I of Wadhwa Project."
Mohit


6

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