PE firms, banks express interest in two IL&FS units
Photo Credit: Reuters

India’s debt-laden Infrastructure Leasing & Financial Services (IL&FS) said on Monday it received more than a dozen expressions of interest for its stakes in subsidiaries IL&FS Securities Services, and ISSL Settlement & Transaction Services.

IL&FS, a major infrastructure financing and development company, earlier this month started work on plans to sell off assets, part of a wider restructuring of the group after it defaulted on some of its debt.

“Interest has been received from a mix of banks, private equity firms and other financial services companies,” IL&FS said in a statement.

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