Infrastructure term lender IFCI today said its board has approved divesting the entire 45.5 percent stake in associate firm Hardicon as per its plan to exit from non-core business activities.
L&T is not keen to have the Mall in its books as it is a non-core business of the company and hence it wants to exit it. Sources say L&T has not invited bids for it as of now and is only engaging in talks with Blackstone
Fortis Healthcare hived off its non-core business and assets, reports The Economic Times.