IL&FS, the parent organization of IFIN
, focuses on the commercialisation and development of infrastructure projects and creation of value-added financial services.
On October 21, 2004, the price of IFIN
stock plummeted, from its previous close of $43.
The agreement broadens and expands INSCI's European product distribution, and expands IFIN
Sistemi's suite of proven document management solutions.
Last July (2003), INSCI announced that IFIN
Sistemi, a leading document management systems integrator with a clientele of more than 250 banks and large enterprises, will represent the company in Europe.
The agreement will broaden INSCI's European distribution and expand the IFIN
Sistemi best-of-breed solutions offering.
This document is not a solicitation of a proxy from any security holder of IFIN
or an offer to sell or the solicitation of an offer to buy any securities, nor shall there by any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Robert Harrington, head of listed trading, UBS Securities New PriceWatch Alerts for JPM, CHINA, CCU, CMVT, and IFIN
The Support rating of IFIN
subsidiary Investors Bank & Trust Company has also been placed on Rating Watch Positive; support ratings of other entities remain unchanged.
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has historically posted strong earnings growth due to its expanding book of business and positive funds flows, there are several sources of earnings pressure over the intermediate term.
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