India: Lexington Equity takes over IL&FS education arm in slump sale

India: Lexington Equity takes over IL&FS education arm in slump sale

IL&FS | Photo: Reuters

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the sale of Infrastructure Leasing and Financial Services’ (IL&FS) education assets to its minority partner Lexington Equity Holdings Ltd (LEHL) on a slump sale basis.