 "IL&FS, Infrastructure Leasing and Financial Services, Mumbai")
Debt-laden Infrastructure Leasing & Financial Services (IL&FS) Group on Thursday said that it has started a process to sell its stake in education and in alternative investment management businesses.
The board of the crippled infra lender is selling the group's stake in IL&FS Education & Technology Services (IETS), along with other subsidiary businesses and IL&FS Investment Managers (IIML) along with all its associated fund management platforms, the company said in a statement.
The education business provides technology services to KG and Class XII students through its proprietary digital content, devices, platforms and solutions, and offers job linked vocational skills programmes.
