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| Exchange Disseminated Time 14/11/2016 18:08:06 | IL&FS Investment Managers Ltd has informed BSE about the following:
1. IL&FS Transportation Investment Trust : IL&FS Transportation Network Limited has set up a Trust ‘IL&FS Transportation Investment Trust’. The said Trust has received in principle approval from SEBI for registration as an Infrastructure Investment Trust under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, for holding road assets. IIML Asset Advisors Limited, a wholly owned subsidiary of the Company, shall act as the Investment Manager to the said Trust
2. Joint Venture with Government of Andhra Pradesh :
(a) The Company has set up a subsidiary namely, ‘Andhra Pradesh Urban Infrastructure Asset Management Limited’ (APUIAML) along with the Government of Andhra Pradesh. The Company and the Government of Andhra Pradesh have invested Rs. 10.2 Crores and Rs. 9.8 Crores to hold 51% : 49% equity stake, respectively in APUIAML
(b) APUIAML has been formed with an objective of acting as a Manager for Urban Infrastructure in the State of Andhra Pradesh as well as Fund Manager for the Andhra Pradesh Urban Development Fund (APUDF). APUDF will be created with the objective to finance the Urban Local Bodies in the State of Andhra Pradesh. APUIAML will also be involved in integrated urban infrastructure project development and program management for the Urban Local Bodies and provide end to end solutions to them
(c) APUIAML will help the State Government of Andhra Pradesh to set up, institutionalize and manage APUDF by mobilizing resources from different sources like banks and financial institutions, including private sector arms of multilateral and bilateral agencies and by leveraging government and other financial assistances. These funds would be deployed in the urban areas on various infrastructure projects including PPP projects
3. Infrastructure Debt Fund : The Company had decided to acquire 86.61% stake of IL&FS Infra Asset Management Limited and 100% stake of IL&FS AMC Trustee Limited and necessary approvals of the Securities and Exchange Board of India have now been received
4. Tara India Fund IV : The Company has achieved the Final Closing for investors to the Tara India Fund IV and has raised capital commitments of US$ 60 mn |
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