Galaxy II, a wholly-owned subsidiary of Galaxy Investments, which is itself owned by KKR Asia Pacific Infrastructure Holdings closed the acquisition last week, a source said. The move follows an unsolicited binding offer submitted by Galaxy II for the complete interest of IL&FS stake in BETPL. This offer included the acquisition of BETPL sa;e shares and the redemption of other securities.
On 15 January 2021The Board of IL&FS Engineering & Construction Co at its meeting held on 15 January 2021 has approved appointment of Manish Kumar Agarwal (nominee director of promoter), Dr. Jagadip Narayan Singh (Additional Director - Independent Category) and Subrata Kumar Atindra Mitra (Additional Director - Independent Category) on Board of the company with effect from 15 January 2021.
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