Infrastructure Leasing & Financial Services Limited (IL&FS) has completed the sale of its 50% stake in Gujarat International Finance Tec-City (GIFT City). These stakes were bought by the Gujarat Urban Development Company Ltd (GUDCL), on behalf of the Gujarat government, at an amount of Rs 32.71 crore. The stake sale took place after the approval from the National Company Law Tribunal (NCLT). IL&FS has received Rs 32.71 crore as equity value for shares.
Click Here To Get Test Series For SBI PO 2020
Selling of stakes to Gujarat government has helped the IL&FS group in reducing its debt by Rs 1,230 crore. Its current outstanding debt is around Rs 94,000 crore. Gujarat International Finance Tec-City Company Ltd (GIFTCL) is active in the business of real estate development.
India has many mountain ranges that shape its land, climate and rivers. These mountains act…
India has delivered the strong performance at the ISSF Junior World Cup 2026 in the…
Sun Pharmaceutical Industries Limited, commonly known as Sun Pharma, is the largest pharmaceutical company in…
Sabastian Sawe has achieved the historical achievement as he completed the an official marathon in…
Andhra Pradesh state government has announced the first Mushroom Mission with the investment around the…
The Delhi Metro Rail Corporation (DMRC) has appointed Mr. Sanjay Jamuar as the first Chief…