• SENSEX
    NIFTY 50
Finance

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
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV