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Mark Blinch/Globe and Mail
Intense investor demand for initial public offerings, fuelled by frothy equity markets and record low interest rates, is expected to compel more companies to list their shares this year and capitalize on the craze.
The trend gathered steam in the second half of 2020, with multiple companies discovering more demand for their deals than there were shares available, and is expected to remain feverish as stock markets in Canada and the United States trade near record highs.
IL&FS Solar Power repays entire debt of ₹845 crore
January 07, 2021
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In the previous progress report, IL&FS said it has resolved ₹19,100 cr of the group’s debt of about ₹99,000 cr
IL&FS Solar Power Limited (ISPL), a group company of IL&FS, has paid up its entire debt of ₹845 crore.
This debt has been repaid to all its creditors which include financial and operational debt, tax and statutory dues, IL&FS said.
ISPL had taken up construction and financing of a 100 MW AC solar power project in Bellary for Embassy Energy Private Limited (EEPL). The project was commissioned in 2018 and ISPL had raised secured and unsecured loans for the same. EEPL, as the project owner, was servicing ISPL through an equated monthly instalment (EMI) structure under a deferred payment agreement (DPA).