IL&FS gets nod for sale of education biz

New Delhi: IL&FS Group on Tuesday said it has received approval from creditors for sale of education business to Career Point Publications Pvt Ltd (CPPPL). Schoolnet India Ltd (erstwhile IL&FS Education & Technology Service Ltd) would be sold to CPPPL. Sources said the outstanding debt for this business amounts to Rs 600-650 crore. PTI

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