Business | Reported by Purva Chitnis | Saturday September 29, 2018
Revealing a three-part strategy, debt-hit Infrastructure Leasing & Finance Services (IL&FS) said on Saturday that it needs to have a successful rights issue to recapitalise itself. In August, IL&FS's board approved a Rs 4,500-crore rights issue and a Rs 3,000-crore debt-reduction plan through asset sales. IL&FS is planning to arrange "liquid alloca...
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