India: Lone Star, I Squared Capital keen to buy out IL&FS’ stressed assets

India: Lone Star, I Squared Capital keen to buy out IL&FS’ stressed assets

Photo: Mint

Infrastructure Leasing and Financial Services (IL&FS), the parent to a cluster of companies in various infrastructure verticals, hopes to raise $2 billion (or, Rs 10,000-12,000 crore) from the sale of its assets. These asset sales will mostly be to private equity-backed funds, a senior company executive at the debt-laden infrastructure lender said.

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