March 01, 2015 12:57 PM ET

Real Estate Management and Development

Company Overview of Infrastructure Leasing & Financial Services Limited

Company Overview

Infrastructure Leasing & Financial Services Limited, through its subsidiaries, operates as an infrastructure development and finance company. The company focuses on the commercialization and development of infrastructure projects and creation of value added financial services. It develops, owns, and operates gas, coal, hydro, and bagasse power generation facilities, as well as power transmission assets in India and internationally. The company also provides services for private equity lifecycle ranging from raising funds, making and planning investments, to restructuring and exits. In addition, it offers fiduciary services in the areas of debt issuances and loans, securitized papers, mutual ...

The IL&FS Financial Centre

Plot C22, G Block

Bandra Kurla Complex

Bandra East

Mumbai,  400051

India

Founded in 1987

Phone:

91 22 2653 3333

Fax:

91 22 2653 3038

Key Executives for Infrastructure Leasing & Financial Services Limited

Chief Executive Officer, Joint Managing Director, Member of Management Board, Director, Member of Committee of Directors and Member of Risk Management Committee
Age: 61
Group Chief Financial Officer and Member of Administrative Committee
Age: 52
Chief Executive Officer of International and Member of Management Board
Age: 56
Chief Executive Officer of Financial Services and Member of Management Board
Age: 59
Chief Executive Officer of Social Inclusion Group
Age: 52
Compensation as of Fiscal Year 2014.

Infrastructure Leasing & Financial Services Limited Key Developments

Infrastructure Leasing and Financial Services Mulls Funding

Infrastructure Leasing & Financial Services Limited is seeking funding for IL&FS Transportation Networks Limited (BSE:533177) and IL&FS Energy Development Co. Ltd. "We have started working on the QIP, the roadshows will begin in March and it will be closed soon," the second person cited above added. In a filing to BSE, the firm said funds would be raised through the QIP route or through a sale of convertible bonds, subject to market regulations. "We have taken an enabling resolution for fund-raise through QIP and as a matter of board policy have no comments to offer on market speculation," said Mukund Sapre, Executive Director of Infrastructure Leasing and Financial Services. “IL&FS is also planning to raise as much as approximately INR 620 million through a qualified institutional placement (QIP) of shares with institutional investors for IL&FS Transportation Networks Ltd (ITNL), its transportation infrastructure development arm, and has mandated four banks to manage the sale,” said two people involved in the process. “Infrastructure Leasing and Financial Services Ltd (IL&FS) is looking to raise as much as INR 40 Billion through an initial public offering (IPO) of its energy arm IL&FS Energy Development Co. Ltd (IEDCL)”, said three bankers familiar with the development. "They have hired two investment banks to initiate the groundwork and they are still meeting other bankers," said one of the three bankers, who is involved in the process. "They want to review the full-year results of March and then file their papers with the markets regulator." A second banker said the company was seeking to raise INR 35 to INR 40 bilion through the IPO by the end of this year. None of the three bankers wished to be identified. IEDCL will use the proceeds of the IPO to meet capital requirements and fund expansion as economic growth accelerates. The conversion has been done using oanda.com as on February 24, 2015.

IL&FS Mulls Listing Of Units

Infrastructure Leasing & Financial Services Limited (IL&FS) is planning to get some units listed. The company is planning to launch an IPO (Initial Public Offering) for units managing its energy, waste management and environmental consultancy assets, in order to raise money to tap emerging business opportunities. The possible plan is expected to take place in next three to five years. Vice-Chairman and Managing Director, Hari Sankaran said, “The mandate of IL&FS is to commercialize the infrastructure projects and provide value-added financial services to the sector. We are now defining the next level of play. We are looking at creating separate companies in energy, waste management and environment.” IL&FS is also looking at selling its operational road assets. “We are looking at selling part or majority stake in road assets to pension funds if we get good valuations,” the official added.

Infrastructure Leasing & Financial Services Limited, Special/Extraordinary Shareholders Meeting, Jan 12, 2015

Infrastructure Leasing & Financial Services Limited, Special/Extraordinary Shareholders Meeting, Jan 12, 2015., at 11:30 Indian Standard Time. Location: The IL&FS Financial Centre, Plot C-22, G-Block. Agenda: To consider and approve the proposed scheme of arrangement of the company and its shareholders and creditors.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 28, 2014
IL&FS Engineering and Construction Company Ltd.
Merger/Acquisition
August 4, 2014
Maharashtra Natural Gas Limited
 

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