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Oct 01, 2018
Cash-strapped IL&FS wins shareholder approval for restructuring plan; Alvarez & Marshal to chalk out revival strategyIL&FS group has lined up a plan to divest as many as 24 projects to raise around Rs 30,000 crore and pare its mount of debt, which as of the June quarter stood at over Rs 91,000 crore, of which over Rs 57,000 crore is from state-run banks.