Why did ILFS not go public?

The shocking and audacious story of ILFS, has hit the national headlines. It is a complicated and complex tale of corporate deceit. The truth, i.e. whether it was a bonafide corporate failure or a malafide fraud and misfeasance that was hidden for many years, is yet to come out in the open. To us, the truth lies in the answer to just one question, why did the main company ILFS did not go public with an IPO, when it was in such a dire and desperate need for capital? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares the insider of the entire IL&FS story in this exclusive video.