{"id":623829,"date":"2023-12-22T10:02:42","date_gmt":"2023-12-22T04:32:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=623829"},"modified":"2023-12-22T11:03:30","modified_gmt":"2023-12-22T05:33:30","slug":"ilfs-puts-two-arms-on-the-block-to-boost-recoveries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-puts-two-arms-on-the-block-to-boost-recoveries\/","title":{"rendered":"IL&amp;FS puts two arms on the block to boost recoveries"},"content":{"rendered":"<p>IL&amp;FS group has put its two subsidiaries, IL&amp;FS Investment Managers Limited (IIML) and IL&amp;FS Securities Services (ISSL), on the block. The debt-laden group is looking to sell its entire 50.42% stake in IIML, a private equity fund management firm having a market capitalisation of nearly Rs 400 crore. The group has also revived talks to sell its securities services subsidiary ISSL. <\/p>\n<p>\u201cAsset monetisation is an integral and important part of the approved IL&amp;FS group resolution framework. Sale of stake in these assets is a step towards implementing that framework,\u201d said the spokesperson of IL&amp;FS group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IL&amp;FS group has put its two subsidiaries, IL&amp;FS Investment Managers Limited (IIML) and IL&amp;FS Securities Services (ISSL), on the block. The debt-laden group is looking to sell its entire 50.42% stake in IIML, a private equity fund management firm having a market capitalisation of nearly Rs 400 crore. The group has also revived talks to sell its securities services subsidiary ISSL. \u201cAsset monetisation is an integral and important part of the approved IL&amp;FS group resolution framework. Sale of stake in these assets is a step towards implementing that framework,\u201d said the spokesperson of IL&amp;FS group.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-623829","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=623829"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623829\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=623829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=623829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=623829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}