LIC chairman says all options open to revive IL&FS
NEW DELHI (Reuters) - India's largest state-run insurer, Life Insurance Corporation (LIC), will not allow the country's beleaguered Infrastructure Leasing & Financial Services (IL&FS) to collapse, LIC Chairman V.K. Sharma told reporters on Tuesday.
All options, including increasing LIC's stake in IL&FS, are open, Sharma said.
IL&FS has revealed a series of delays and defaults on its debt obligations and inter-corporate deposits in recent days.
(Reporting by Manoj Kumar; Editing by Sunil Nair)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Sep 25 2018 | 7:59 PM IST