IL&FS concludes stake sale in education business; cuts consolidated debt by over Rs 650 crore
Falafal Technologies Pvt Ltd (FTPL) has paid Rs 7.37 crore as equity value for shares of SIL held by IL&FS Ltd and IL&FS Employee Welfare Trust, in addition to taking over SIL''s fund based and non-fund based financial debt of nearly Rs 650 crore, a release said.