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Government exploring options to outright sell IL&FS: Reports

Oct 30, 2018 18:37 IST

The Centre is looking at options to sell the entire stake of Infrastructure Leasing and Financial Service Ltd. According to various news reports, state-appointed board led by Uday Kotak will be presenting a plan to National Company Law Tribunal on 31st October. The lender's board will also be exploring options to split the company and dispose them to several buyers. The embattled IL&FS has debts over 12.6 billion dollars.

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