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IL&FS shuts down 45 entities suspected of round-tripping loans and funds, says report

Updated : May 21, 2019 08:47 AM IST

IL&FS also has reduced its workforce by half to 8,000 permanent and contract employees.
IL&FS, in an April 3 presentation, said it planned to close 45 firms of which 42 were registered abroad.
IL&FS shuts down 45 entities suspected of round-tripping loans and funds, says report

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