India's IL&FS wins shareholder approval for restructuring plan

India's IL&FS wins shareholder approval for restructuring plan

Photo: Reuters

India’s troubled Infrastructure Leasing and Financial Services Ltd (IL&FS), whose recent defaults have roiled Indian markets, said on Sunday its shareholders have approved a plan allowing it to raise fresh funds through debt and equity issuances.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter