Diabytes
IL&FS shareholders News
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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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IL&FS's annual general meeting is scheduled for September 29 here.
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The Life Insurance Corporation (LIC) has the largest shareholding in IL&FS.
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One of the shareholders, who is also one of the founding members of the IL&FS group, has informed that shareholders won't subscribe to the rights at a rate above Rs 500 per share.
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