India Dealbook: IL&FS looks to sell China road project; KMIL exits outsourcing firm

India Dealbook: IL&FS looks to sell China road project; KMIL exits outsourcing firm

IL&FS | Photo: Reuters

Beleaguered infrastructure conglomerate IL&FS has kickstarted the process of divesting its 49 per cent equity in Chinese road asset Chongqing Yuhe Expressway Company Limited. On the other hand, Kotak Mahindra Investments Ltd has sold its existing stake in associate company Matrix Business Services India Pvt. Ltd, per a VC Circle report.

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