HINVDIR

Il&Fs Investsmart Limited had informed the Exchange regarding the formal communications received from Infrastructure Leasing & Financial Services Limited (IL&FS) and E*TRADE Mauritius Limited, Mauritius (ETM) informing about the proposed sale of their respective stakes in the Company. The Company has inform the Exchange that the Board of Directors of the Company at its meeting held today, i.e. September 29, 2008, have noted the sale of 29.357% and 43.854% stakes held by IL&FS and ETM, respectively in the Company to HSBC Securities & Capital Markets (India) Private Limited (HSCI) and HSBC Viole

Il&Fs Investsmart Limited has submitted to the Exchange a copies of the formal communications received from E*TRADE Mauritius Limited, Mauritius and Infrastructure Leasing & Financial Services Limited informing about proposed sale of their respective stakes in IL&FS Investsmart Limited. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ILFS_ANN_20052008.zip target=NEW> For more details click here.</a>

Il&Fs Investsmart Limited has informed the Exchange that the Company has acquired 100% stake in M/s. Tajir Investment & Properties Limited, Mumbai on a 'going concern' basis. Tajir Investment is a Non-Banking Financial Company (NBFC).

Il&Fs Investsmart Limited has informed the Exchange that the Company has executed an agreement with KP Corporate solutions Private Limited (ESOP Direct), a Pune based entity from KPIT Group to acquire 26% stake in the said company. ESOP Direct is engaged in rendering comprehensive end-to-end ESOP advisory and management services to corporates.