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IL&FS board appoints nominee directors for arms, starts austerity measures

IL&FSInfrastructure Leasing and Financial Services’ (IL&FS’) new board on Friday appointed nominee directors on various subsidiaries of the infra lending and engineering conglomerate.Further, it initiated austerity measures related to personnel and operating expenses in the company.The new board also approved the formation of a core operating committee under former vice-chairman of Tech Mahindra, Vineet Nayyar.
Source: Business Standard