Beleaguered IL&FS to get a lifeline? Here's what LIC may do

The Life Insurance Corporation of India may bail out the beleaguered Infrastructure Leasing & Financial Services (IL&FS)
 Beleaguered IL&FS to get a lifeline? Here's what LIC may do
According to a Nomura India report, the IL&FS has around Rs 35,000 crore consolidated debt, IL&FS Financial Services has Rs 17,000 crore debt. Image: Reuters
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