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IL&FS cuts nearly 50% staff since October for cost cutting

Updated : August 15, 2019 11:24 AM IST

In its fifth progress report on the group's resolution process and the way forward, submitted to the Mumbai-bench of the National Company Law Tribunal (NCLT).
As per the fourth progress report submitted earlier to the tribunal, the new board headed by Uday Kotak had conceptualised manpower optimisation measures for the infrastructure lending major in two phases.
IL&FS cuts nearly 50% staff since October for cost cutting

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