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Wednesday, October 31, 2018

Govt may consider outright sale of debt-ridden IL&FS

A plan to be presented to a bankruptcy court on Wednesday by the state-appointed board of the lender includes selling the entire stake to a financially strong investor and ensure business continuity. Other options include splitting businesses according to verticals and disposing them off to several buyers or injecting liquidity at group level.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SsDPmy

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