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LIC, Orix and SBI to subscribe to Rs 4,500 crore IL&FS rights issue

Updated : September 29, 2018 02:11 PM IST

The company needs an immediate capital infusion of Rs 3,000 crore and is planning a Rs 4,500-crore rights issue.
RBI has reportedly asked LIC and Orix not to infuse more capital into the company.
LIC, Orix and SBI to subscribe to Rs 4,500 crore IL&FS rights issue
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