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Shareholders ask IL&FS to raise funds by selling assets, non-core business

Updated : September 24, 2018 08:56 AM IST

IL&FS is seeking an immediate loan of around Rs 3,000 crore from key shareholders to help it tide over a cash crunch.
State-run LIC is the largest shareholder owning a fourth of the firm's equity, while Orix Corporation of Japan owns 23.5 percent.
Shareholders ask IL&FS to raise funds by selling assets, non-core business
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