ILFS has revealed a series of delays and defaults on its debt obligations and inter-corporate deposits.NEW DELHI: The largest state-run insurer, Life Insurance Corporation (LIC), will not allow the country's beleaguered Infrastructure Leasing Financial Services (ILFS) to collapse, LIC Chairman VK Sharma told reporters on Tuesday.All options, including increasing LIC's stake in ILFS, are open, Sharma said.ILFS has revealed a series of delays and defaults on its debt obligations and inter-corporate deposits in recent days.
Thomson Reuters 2018(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)