IL&FS default News
Besides, Sebi is looking to make it mandatory for liquid funds to mark to market the value of all bonds that have maturity of 30 days or more.
According to Amfi data, the asset under management (AUM) of the industry, comprising 42 players, was Rs 22.04 lakh crore at the end of September.
The shareholder approval gives the privately-held Indian infrastructure financing and construction firm a lifeline and time to sell some of its infrastructure assets and restructure its 910 billion rupee ($12.55 billion) debt pile.
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