Debt-Laden IL&FS Starts Work On Asset Sale Plan

MUMBAI: Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has started work on plans to sell off assets, part of a wider restructuring of the group, the company said on Monday. The government took control of IL&FS, a major infrastructure financing and development company, last month after it defaulted on some of its debt, triggering wider concerns about risk in the rest of the country's financial system. IL&FS' board ha...