IL&FS gets more than a dozen expressions of interest to buy stakes in two units

IL&FS gets more than a dozen expressions of interest to buy stakes in two units

Reuters  |  MUMBAI 

(Reuters) - India's debt-laden (IL&FS) said on Monday it received more than a dozen expressions of interest for its stakes in subsidiaries IL&FS Securities Services, and

IL&FS, a major infrastructure financing and development company, earlier this month started work on plans to sell off assets, part of a wider restructuring of the group after it defaulted on some of its debt.

The defaults triggered wider concerns about risk in the rest of the country's financial system and led to the taking control of IL&FS last month.

"Interest has been received from a mix of banks, firms and other financial services companies," IL&FS said in a statement.

(Reporting by Abhirup Roy; Editing by Martin Howell)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 26 2018. 17:20 IST