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Don’t miss the latest developments in business and finance.
IL&FS sells 2 firms in energy business for Rs 77.5 cr to reduce debt
IEDCL sold 27.75 per cent of its stake in Urjankur Nidhi Trust, where Maharashtra Energy Development Agency has a 50 per cent stake and Shree Datta Shetkari Sakhar Karkhana Ltd holds 22.25 per cent.
IL&FS Energy Development defaults on term credit to financial institutions
The IEDCL default comes at a time when parent IL&FS itself has defaulted on repayments to SIDBI
