September 25, 2018 / 9:41 AM / 4 months ago

BUZZ-India's IL&FS Transportation, IL&FS Investment Managers gain on LIC support

** Shares of IL&FS Transportation Networks Ltd and IL&FS Investment Managers Ltd rise as much as 4.7 pct and 11.4 pct, respectively

** Life Insurance Corporation of India said it will not allow beleaguered Infrastructure Leasing & Financial Services (IL&FS) to collapse; open to raising stake in IL&FS

** IL&FS has revealed series of delays and defaults on debt obligations and inter-corporate deposits in recent days

** Around 2 mln ILFT shares change hands vs 30-day avg of about 764,000 shares, while over 4 mln IL&FS Investment Managers shares traded vs 30-day avg of 1 mln

** ILFT has a PB of 0.17 while ILFS Investment Managers’ PB is 0.79

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below