November 12, 2018 / 1:49 PM / a month ago

India's debt-laden IL&FS intimates steps to monetise certain assets

MUMBAI, Nov 12 (Reuters) - Debt-laden Infrastructure Leasing and Financial Service (IL&FS) has initiated steps to explore the sale of certain assets, as it attempts to move forward on a restructuring plan for the wider group, the company said in a statement on Monday.

The firm said IL&FS’ board has decided to publicly solicit expressions of interest for its stakes in both IL&FS Securities Services, and ISSL Settlement & Transaction Services, which both play in the financial services space.

It added that any transactions however, would be subject to regulatory approvals. (Reporting by Neha Dasgupta Editing by Euan Rocha)

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