IL&FS sells its environment business, reduces debt by Rs 1,200 cr
By IANS |
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IL&FS. (File Photo: IANS). Image Source: IANS News
Mumbai, April 7 : IL&FS has sold its stake in IL&FS Environmental Infrastructure & Services Limited (IEISL) and its subsidiaries to EverEnviro Resource Management Private Limited (EverEnviro), a 100 per cent owned subsidiary of the Green Growth Equity Fund (GGEF), a climate fund, managed by EverSource Capital.
This sale will reduce the overall debt of IL&FS by Rs 1,200 crore, which is the combined debt of entities under IL&FS environment businesses, IL&FS said in a statement.
IL&FS, as the promoter shareholder of IEISL, held 97.54 per cent of equity shares of the company. The balance 2.46 per cent was held by IL&FS Employee Welfare Trust. The entire shareholding in IEISL, held by IL&FS Group, has been transferred to EverEnviro.
Updated:
April 07, 2021 23:35 IST
‘NBPPL plant at Mannavaram is on the verge of closure; 75% jobs promised for local youth a myth’
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TDP candidate Panabaka Lakshmi speaking at a comparative study of the developmental projects, in Tirupati on Wednesday.
‘NBPPL plant at Mannavaram is on the verge of closure; 75% jobs promised for local youth a myth’
Former Union Minister and TDP candidate for the Tirupati (SC) Lok Sabha constituency has lamented the sluggish progress of projects sanctioned during her stint at the Centre.
“In fact, several projects have either remained non-starters, or got stuck in the middle,” Ms. Lakshmi said while addressing a meeting on Wednesday.
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Congress dares BJP for debate in public domain
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March 02, 2021 08:41 IST
Releases list of 12 questions, a mix of national, State and local issues, addressed to BJP
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Former Union Minister Chinta Mohan addressing the media in Tirupati along with AICC member K. Prameelamma.
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Releases list of 12 questions, a mix of national, State and local issues, addressed to BJP
The Indian National Congress (INC) has shot twelve queries to the Bharatiya Janata Party (BJP) and dared the ruling party to come for a debate in the public domain.
The list, a mix of national, State and local issues pertaining to Tirupati, released here on Monday by Congress Working Committee (CWC) special invitee Chinta Mohan and All India Congress Committee(AICC) member K. Prameelamma included the Special Category Status (SCS), privatisation of Visakhapatnam Steel plant, Dugarajupatnam port remaining a non-starter, closure of NTPC-BHEL Powe