India: Aditya Birla Group in talks to acquire debt-laden IL&FS’s education arm

The Aditya Birla Group is in talks with struggling infrastructure financier Infrastructure Leasing and Financial Services Ltd (IL&FS) to buy out its education and training arm, IL&FS Education and Technology Services (IETS), according to two people aware of the development who did not want to be named as the discussions are in their preliminary stages.