Up to 10 subsidiaries of crisis-hit IL&FS to be put up for sale
The government-appointed board of crisis-hit Infrastructure Leasing and Financial Services (IL&FS) will soon put on sale another 8 to 10 subsidiaries, Corporate Affairs Secretary Injeti Srinivas said. He said the response to the offer for sale of two entities made earlier this month was overwhelming. The government recently took management control of IL&FS after it defaulted on multiple obligations.n