IITL

AcronymDefinition
IITLIntegrated Information Technology Lab (University of Arizona)
IITLIndustrial Investment Trust Ltd. (est. 1933; Mumbai, India)
IITLIt Is to Laugh
References in periodicals archive ?
Indian retail operator Future Group is negotiating a sale of itsA stake in the life insurance joint venture formed with Italian Generali (BIT:G) to domestic Industrial Investment Trust (BOM:501295), or IITL, in a move to focus on retail operations.
IITL had accused of Motorola taking Rs 500 crore from it for setting up a satellite communication project in 1987 even though the telecom firm knew right from the beginning that the venture would be a commercial disaster.
IITL had stated that Motorola, which had conceived the commercial wireless satellite communication system in 1987, had raised billion of dollars from all over the world through equity and debt offerings to the public through its 100% subsidiary Iridium Inc.
Mumbai-based IITL is a non-deposit taking, non-banking finance company in the insurance broking business.
Some sections of the media had reported that the company was selling its financial services units to Deccan Chronicle and Industrial Investment Trust (IITL).
21 November 2011 - Indian retail operator Future Group is negotiating a sale of itsA stake in the life insurance joint venture formed with Italian Generali (BIT:G) to domestic Industrial Investment Trust (BOM:501295), or IITL, in a move to focus on retail operations, the Economic Times newspaper reported.
IITL will buy an initial 24% in the JV leaving Future with 50% in the business, with the rest to be sold by Future in full or partly to the trust after the venture completes its five years of operation, one person said.
Future Group is said to be in talks with Mumbai-based Industrial Investment Trust (IITL) to whom it would sell its controlling stake in Future Generali in a phased manner.
IITL is said to be planning to raise capital to fund the stake purchase.