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IL&FS board may sell stakes in units, sack 65% employees to cut costs: report

Updated : December 05, 2018 09:58 AM IST

The Uday Kotak-led board is taking steps such as selling stakes in subsidiaries and real estate to reducing wage bills: report
It is also looking to reduce manpower by 65 percent and cut wage cost by 50 percent: report
IL&FS board may sell stakes in units, sack 65% employees to cut costs: report

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