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Beleaguered IL&FS' board to sell stake in 2 clearing services subsidiaries

The new board has requested NHAI and Ministry of Road Transport to settle claims filed by IL&FS' companies for concessions

Topics
Il&fs Crisis  |  Nclt  |  Il&fs

Advait Rao Palepu  |  Mumbai 



IL&FS

The board of directors of Infrastructure Leasing and Financial Services (IL&FS) has decided to sell the firm's stake in Securities Services (ISSL) and ISSL Settlement and Transaction Services (ISTSL). The two subsidiaries are engaged in professional clearing services and equity and other derivatives, and commodities derivatives services, respectively, said a company spokesperson.

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First Published: Mon, November 12 2018. 20:40 IST

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