Posted inIndia, South Asia

India’s new IL&FS board favors sale of entire business units

The new board of the troubled Infrastructure Leasing and Financial Services (IL&FS) headed by well known banker Uday Kotak and formed to address its 910-billion rupee (US$12.9 billion) debt crisis, has said that a single solution is not possible. To achieve such a group resolution would require significant capital infusion from credible and financially strong […]