1. Home
  2. Tag "New IL&FS Board lines up fire sale"

New IL&FS Board lines up fire sale, 65% staff may be fire

The Uday Kotak-led board of Infrastructure Leasing and Financial Services (IL&FS) is taking a string of steps — from selling stakes in subsidiaries and real estate to reducing wage bills — to raise about Rs 16,000 crore as it battles to show progress to lenders who want concrete steps towards monetisation, said two persons familiar […]

CSC, Tata Power to set up 10,000 solar micro grids in rural areas