The China-led Asian Infrastructure Investment Bank (AIIB) today finalized Articles of Agreement (AoA). The Bank in which India is a founding member, said that AoA would be ready for signing by the end of June.The 57-member bank also said it would be operational by the end of this year. The announcement came after the conclusion of'5th Chief Negotiators' Meeting on Establishing the AIIB', in Singapore.China, with a share of 100 billion dollar is likely take a 25-30 percent stake in the AIIB while India, with a likely share between 10 to 15 percent could be the second-largest shareholder. In all, Asian countries will own between 72-75 percent of the assets of the bank, while European and other nations will own the rest.The meeting on AIIB concluded a day after Japan's Prime Minister Shinzo Abe announced a 110 billion dollars investment plan for infrastructure projects in Asia in an apparent move to counter the launch of the AIIB by rival China.