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Won't Allow Beleaguered IL&FS To Collapse, Says Life Insurance Corporation

All options, including increasing LIC's stake in IL&FS, are open, says LIC Chairman VK Sharma.

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Won't Allow Beleaguered IL&FS To Collapse, Says Life Insurance Corporation

IL&FS has revealed a series of delays and defaults on its debt obligations and inter-corporate deposits.


NEW DELHI: The largest state-run insurer, Life Insurance Corporation (LIC), will not allow the country's beleaguered Infrastructure Leasing & Financial Services (IL&FS) to collapse, LIC Chairman VK Sharma told reporters on Tuesday.

All options, including increasing LIC's stake in IL&FS, are open, Sharma said.

IL&FS has revealed a series of delays and defaults on its debt obligations and inter-corporate deposits in recent days.

© Thomson Reuters 2018


(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)


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