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IL&FS Engineering: IL&FS Engineering to pare debt after asset sale

Galaxy II, a wholly-owned subsidiary of Galaxy Investments, which is itself owned by KKR Asia Pacific Infrastructure Holdings closed the acquisition last week, a source said. The move follows an unsolicited binding offer submitted by Galaxy II for the complete interest of IL&FS stake in BETPL. This offer included the acquisition of BETPL sa;e shares and the redemption of other securities. ....

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