Q247
Which company has completed the sale of its 50% stake in GIFT City to the Gujarat government?
A.
IL & FS
AnswerB.
India bulls
C.
IIFCL
D.
IDFC
Answer: Option A
Solution
Answer: Option A
Solution:
IL & FS (Infrastructure Leasing & Financial Services) has duly received Rs. 32.71 crore as equity value for shares as a sale consideration. Debt-laden IL & FS on June, 2020 said it has completed the sale of its 50% stake in Gujarat International Finance Tec-City (GIFT City) to the Gujarat government for Rs. 32.71 crore.