 "GIFT")
Gujarat International Finance Tec-City Co (Giftco), promoter of GIFT City near Gandhinagar, set up as an international finance services centre, has approached the new board of directors at crisis-hit Infrastructure Leasing & Financial Services (IL&FS) to replace the latter's nominees on the board of the former.
GIFT City Company was structured as a 50:50 joint venture between the Gujarat government, through its Gujarat Urban Development Company Ltd (GUDCL), and IL&FS.
On the 13-member board of directors at the GIFT City company, where Sudhir Mankad is chairman, there were three from IL&FS — Hari Sankaran, K Ramchand and Arun
GIFT City Company was structured as a 50:50 joint venture between the Gujarat government, through its Gujarat Urban Development Company Ltd (GUDCL), and IL&FS.
On the 13-member board of directors at the GIFT City company, where Sudhir Mankad is chairman, there were three from IL&FS — Hari Sankaran, K Ramchand and Arun
