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Government examines outright sale of IL&FS

Updated : October 30, 2018 03:06 PM IST

A major Indian infrastructure financing and development company, IL&FS roiled the nation's financial markets in recent weeks when it defaulted on payments to banks, and ratings agencies downgraded its loans to junk from investment grade.
Its troubles stoked fears of a bigger malaise in India's shadow banking sector.
Government examines outright sale of IL&FS

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