Temasek, CPPIB in fray to pick up Indian banks' stakes in IL&FS

Temasek, CPPIB in fray to pick up Indian banks' stakes in IL&FS

Singapore investment firm Temasek Holdings Pte. Ltd and Canada Pension Plan Investment Board (CPPIB) are among five potential investors in talks with State Bank of India (SBI) and Central Bank of India to buy the Indian lenders’ stakes in Infrastructure Leasing and Financial Services Ltd (IL&FS), two people familiar with the development said.

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