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India Business News: IL&FS, a company that faced a financial crisis five years ago, has announced that it has cleared 36% of its debt, amounting to Rs 35,660 crore. Anothe ....
IL&FS Group, which went bankrupt five years ago, has resolved Rs 35,650 crore of its debt through asset monetization and settlements with banks. This means the company has completed over half of the Rs 61,000 crore debt it aimed to resolve. The group has also made interim distributions of around Rs 10,000 crore to lenders across its entities. ....
IL&FS Group To Resolve Debt Of Rs 55,000 Crore By March 2022 swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
IL&FS' stake in Prime Terminals FZC was held through IL&FS Maritime Infrastructure Company Ltd (IMICL). VTTI acquired the energy storage terminal situated in UAE's Fujairah from IMICL and other shareholders. ....
January 22, 2021 The IL&FS Group maintains its estimates of addressing out of an overall debt of over ₹99,000 crore (as of October 2018). - REUTERS The IL&FS Group maintains its estimates of addressing out of an overall debt of over ₹99,000 crore (as of October 2018). - REUTERS× Company’s new board maintains aggregate debt to be addressed at ₹56,000 crore by FY 22 The new board of IL&FS has addressed stressed debt worth ₹32,000 crore as of December quarter and retained the aggregate recoverable debt at over ₹56,000 crore by FY22, The Group maintains its estimates of addressing out of an overall debt of over ₹99,000 crore (as of October 2018). ....