INSUBCONTINENT EXCLUSIVE:
By Ameya KarveTroubled Indian shadow bank Infrastructure Leasing Financial Services Ltd., whose recent debt defaults sparked concern about
important by the central bank
Its defaults on commercial paper from August sparked concern among households holding mutual funds invested in such debt, and forced banks
lender State Bank of India, largest mortgage lender Housing Development Finance Corp
Sharma, the chairman of biggest shareholder LIC, on Friday said the beleaguered group can raise 600 billion rupees by selling assets.
ILFS
on Saturday appointed Alvarez Marsal to devise a restructuring plan that will be implemented upon approval by the board and stakeholders.
