takeover of IL&FS

The government of India took control of Infrastructure Leasing & Financials Services (IL&FS) last week

India Averted Their ‘Lehman’ Moment With The Takeover Of IL&FS

The government of India took control of Infrastructure Leasing & Financials Services (IL&FS) last week in order to ensure its liquidity and solvency as well as to preserve stability in the financial system. For analysts at Julius Baer, “this should alleviate concerns on the money, debt and capital markets but does not equate to a bail out.”