IL&FS looks to auction its corporate headquarters at Bandra-Kurla complex1 min read . Updated: 26 Aug 2020, 07:04 AM IST
- Nearly two years after taking control of IL&FS, the board has been able to pay down a mere 18% of the company’s massive ₹1 trillion debt
- Back in 2018, the property had evinced interest from private equity investors Blackstone and Brookfield, according to media reports
The Uday Kotak-led board of Infrastructure Leasing and Financial Services (IL&FS) is looking to auction its iconic corporate headquarters at Mumbai’s Bandra Kurla Complex (BKC) as it looks to speed up the company’s insolvency resolution process that has been held up by regulatory and legal hurdles.
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