IL&FS looking for higher bid for J&K tunnel project as pact with Cube lapses
The tunnel, which cuts the travel time between Jammu and Srinagar by 31 km, was put on the block in December 2018 after the parent IL&FS went belly up two months before.
Don't want long legal battle, need to focus on biz: PNB Housing chief on Carlyle deal pull-outLast month, the company said it has decided not to proceed with the Rs 4,000-crore capital infusion deal led by Carlyle as a legal battle will not be in the best interests of the company and its stakeholders.
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