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IL&FS gets NCLT approval for sale of education assets to Lexington Equity HoldingsA two-member Mumbai bench of the NCLT approved the sale of IL&FS's 73.69 per cent stake in Schoolnet India, formerly known as IL&FS Educati...- National Company Law Tribunal approves sale of IL&FS education arm to Lexington Equity"On hearing the Counsel for the applicant and upon going through the pleadings and the documents attached to the application, we are of the...
- IL&FS to sell education arm to Lexington Holdings, pare Rs 600 crore debtAs per the deal, LEHL would service the entire debt of Rs 600 crore owed by Schoolnet and would pay a small equity to parent IL&FS. LEHL al...
- IL&FS education arm sale hit as investor refuses to sell stakeA collapse of the transaction would have an impact towards the resolution of Rs 94k cr of debt.
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