IL&FS' new board to meet for second time on Friday
Updated : October 12, 2018 07:38 AM IST
In the maiden meeting held on October 4, the six-member board undertook an initial assessment of the ground reality of the company and discussed the way forward.
The firm needs an immediate capital infusion of Rs 3,000 crore and is also planning a Rs 4,500-crore rights issue.
As per the NCLT order, the board is required to give a roadmap for the company by October 31.
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