Business 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.