IL&FS AGM: LIC, Orix, SBI to subscribe to rights issue worth Rs 4,500 crore to revive debt-struck group

In a major breather to the crippled infra lender and engineering group IL&FS, its largest shareholders LIC and Orix Corp and also SBI Saturday announced they would subscribe to the proposed Rs 4,500 crore rights issue of the company.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DGxocp