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IndusInd Bank has said that it has entered into an agreement with the Infrastructure Leasing and Financial Services (IL&FS) for acquiring 100 percent stake of securities services subsidiary of latter’s.
The bank has said in a statement that IndusInd will acquire 100 percent stake in IL&FS Securities Services (ISSL).
It further said that the proposed transaction is a conditional on definitive agreements and approvals, including regulatory approvals and is expected to be made effective within the next three months.
