Vistra expands to India with ITCL acquisition
15.04.2016Company: VISTRA CORPORATE SERVICES
Vistra today announced the acquisition of IL&FS Trust Company Limited (“ITCL”), the largest independent Corporate Trust Services provider in India, with head office in Mumbai. ITCL was formerly a subsidiary of IL&FS Group, one of India’s leading infrastructure development & financial services groups.
ITCL was founded in 1995 and has since then grown to become the most important brand name in the Trust & Fiduciary services space in India. Laws in India mandate all Issuers of listed bonds and debentures to appoint an independent trustee to safeguard the interests of investors.
ITCL, registered by the Securities Exchange Board of India (SEBI) as a licenced trustee, has significant market share in the area of Debenture Trusteeship and Alternative Investment Funds.
ITCL caters to full range of debt market issuances including Debentures, Bonds as well as Deposits, Term Loans, External Commercial Borrowings and Private equity / Alternative Investment Funds.
ITCL has been an innovator in extending Fiduciary services to Business Trusts, Structured Finance transactions and Alternative Investment Funds in India.
