Which company has completed the sale of its 50% stake in GIFT City to the Gujarat government?
A. IL & FS
B. India bulls
C. IIFCL
D. IDFC
Answer: Option A
Solution (By Examveda Team)
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.Related Questions on Gujarat
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