IL&FS Investment Managers Limited — Others, 31-05-2025: Copy of Newspaper Publication
31-05-2025 | 12:33 pm
31-05-2025 | 12:33 pm
IL&FS Investment Managers has announced a board meeting to discuss the financial results for the quarter and half-year. The company’s income from operations and other income declined as most funds managed have matured, leading to lower fee and dividend income. It completed a Scheme of Amalgamation merging two wholly owned subsidiaries, using the pooling of interest method. Management expects current assets and income to cover obligations for the next 12 months. The Board proposed a final dividend of ₹0.28 per share from accumulated free reserves, pending shareholder approval. Resolution efforts continue with active interest from potential bidders.
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