IL&FS to sell stake in education, wealth management arms
Updated : December 20, 2018 11:28 PM IST
The Udak Kotak-led board of the crippled infra lender is selling the group's stake in IL&FS Education & Technology Services (IETS), along with other subsidiary businesses and IL&FS Investment Managers (IIML) along with all its associated fund management platforms, the company said in a statement.
The education business provides technology services to KG to XII class students through its proprietary digital content, devices, platforms and solutions, and offers job linked vocational skills programmes.
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