IL&FS to sell education arm to Lexington Holdings, pare Rs 600 crore debt
Mumbai: Lexington Equity Holdings Ltd., (LEHL) is set to take over IL&FS education arm Schoolnet India lt., after the committee of creditors approved the sale, two people aware of the development said. As per the deal, LEHL would service the entire debt of Rs 600 crore owed by Schoolnet and would pay a small equity … Read more