IL&FS group cos climb up to 10pc on divestment initiative to raise funds
Shares of IL&FS group companies surged up to 10 per cent Tuesday as it announced its plan to sell equity stakes in its road assets to raise funds.
The IL&FS board, acting on behalf of its relevant subsidiaries including ITNL, Monday initiated the process of exploring divestment of IL&FS group's equity stakes in road assets, the group said in a statement. Image Source: Reuters