IL&FS Investment Managers Limited — Others, 15-11-2024: Copy of Newspaper Publication

IL&FS Investment Managers Limited has announced a board meeting to review and approve the consolidated financial results for the quarter and half-year ended September 30, 2024. Total income from operations for the quarter stood at ₹865.39 crore, while net profit after tax was ₹88.48 crore. The company is undergoing a strategy shift following the approval of a scheme of amalgamation, dissolving two wholly owned subsidiaries, which won't affect the consolidated financials. Given the improved profitability and ongoing interest from potential bidders in its stake, investor sentiment may see a positive outlook amid these operational changes.