IL&FS — this time lucky?

FEBRUARY 13: Infrastructure Leasing & Financial Services (IL & FS) has been on the verge of going public for most of the last deca...

FEBRUARY 13: Infrastructure Leasing & Financial Services (IL & FS) has been on the verge of going public for most of the last decade. Some years ago, IL&FS warehoused its shares with UTI to raise funds in anticipation of its public issue. But the primary market went belly up and UTI, its largest shareholder, remained stuck with the shares until it protested.

The shares were then de-warehoused and parceled out to other institutional investors, also SBI came in and RBI divested some shares. Now IL&FS has decided that it is finally time to hit the market. The primary market has recovered and several of its business is also the flavour of the season. We hear that IL&FS is looking at a pricing of Rs 150-170 and the issue mandate may go to Kotak Mahindra Finance.

Police personnel seen to control the situation during a massive protest over the statehood demand and the inclusion of Ladakh under the Sixth Schedule, in Leh on Wednesday. (ANI Video Grab)

Statehood protest takes violent turn in Ladakh, BJP office set ablaze in Leh

India5 hr ago

Protests in Ladakh turned violent as students and youth organisations demanded statehood and Sixth Schedule status. Two elderly protesters fainted, prompting a shutdown call. A BJP office and security vehicle were set on fire. Activist Sonam Wangchuk urged for a peaceful approach. The demand for Sixth Schedule status is due to Ladakh's tribal-majority population and direct central administration.

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