India Digest: IndusInd still in fray for IL&FS assets; ADV Partners buys Gerdau Steel

India Digest: IndusInd still in fray for IL&FS assets; ADV Partners buys Gerdau Steel

Photo: Reuters

IndusInd Bank remains in the fray to acquire two subsidiaries of debt-laden Infrastructure Leasing and Financial Services Ltd (IL&FS) while ADV Partners has acquired Gerdau Steel India Pvt Ltd from Brazil’s Gerdau SA.

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