IL&FS board charges 14 former directors of money laundering, criminal intent; show cause notices issued
LIC is the single largest shareholder with over 25 percent stake in IL&FS and Japan's Orix Corp owns a little over 23 percent.
Govt to seek special dispensation from RBI to defer provisioning of loans to IL&FS group firms; asset monetisation gains pace
Following the crisis at IL&FS late last year that raised concerns over liquidity in the system, the corporate affairs ministry had superseded its board.
In a letter to its employees, IL&FS had claimed that if funds worth Rs 16,000 crore stuck with concession authorities were released on time, it would not have landed in this mess.