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Life Insurance Corporation open to taking part in IL&FS rights issue

Updated : September 28, 2018 07:55 PM IST

IL&FS is a major Indian infrastructure finance and construction company, which has built up big debts and is now facing a credit crunch.
IL&FS's board in August approved raising funds via a 45 billion Indian rupee ($620.65 million) rights issue and a 30 billion rupee debt-reduction plan through asset sales.
Life Insurance Corporation open to taking part in IL&FS rights issue

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