IL&FS Investment Advisors LLC, IL&FS Investment Managers Ltd's subsidiary acts as the manager to the IL&FS India Realty Fund II LLC. As per the Management Agreement executed with the Fund, the Fund had the option of terminating the agreement based on certain trigger events. The Fund has informed IIAL that they wish to terminate the Management Agreement with IL&FS Investment Advisors LLC wef January 6, 2020.
Shares of IL&FS INVESTMENT MANAGERS LTD. was last trading in BSE at Rs.3.61 as compared to the previous close of Rs. 4.12. The total number of shares traded during the day was 22026 in over 50 trades.
The stock hit an intraday high of Rs. 3.85 and intraday low of 3.61. The net turnover during the day was Rs. 82169.