India: IL&FS board may pitch for a govt bailout

India: IL&FS board may pitch for a govt bailout

Uday Kotak. Photographer: Udit Kulshrestha/Bloomberg

The Union government may have to bailout cash-strapped Infrastructure Leasing and Financial Services (IL&FS), if latest discussions between the group’s board and the government are any indication, according to three people familiar with the development.

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