Stock Market

Shares of ILFS Transportation Networks Ltd, ILFS Engineering and Construction Co Ltd and ILFS Investment Managers Ltd jumped between 10 per cent and 19.96 per cent.India government took control of the troubled Infrastructure Leasing and Financial Services (ILFS) and said the move was to protect the country's financial system and markets from potential collapse.Government said it is fully committed to ensure needed liquidity for ILFS is arranged from financial system and there would be no more defaults.New board of directors took charge of ILFS and earlier board ceased to exist.ILFT and ILFE were locked in upper trading circuit on NSE.More than 3.7 million ILFT shares traded compared with 30-day avg of 982,483 shares.Shares of ILFS Investment Managers record biggest intraday per cent gain since Aug 2.Up to Monday's close, ILFT down 68 per cent this year, ILFE fell 70.8 per cent and ILFS Investment Managers was down 72.9 per cent.





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