IL&FS board likely to present plan, including selling the entire stake to a financially strong investor, to the NCLT on Wednesday
New Delhi: India is examining options including an outright sale of Infrastructure Leasing and Financial Services Ltd (IL&FS), a person with knowledge of the matter said, as the government tries to stem defaults at the lender with $12.6 billion of debt. A plan to be presented to a bankruptcy court on Wednesday by the state-appointed board of the lender includes selling the entire stake to a financially strong investor and ensure business continuity, the person said, asking not to be identified as the matter is private.
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