Page 8 - Il Fs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IL&FS completes stake sale in China road asset; deal to address Rs 2,600 crore debt The transaction will help the group address Rs 2,600 crore of its overall debt of close to Rs 99,000 crore (as of October 2018). Share Via Email   |  A+A A- By PTI MUMBAI: Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Thursday announced completion of 49 per cent stake sale in its Chinese road asset - Chongqing Yuhe Expressway Co Ltd (CYEC). The stake is sold to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by...

Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Thursday announced completion of 49 per cent stake sale in its Chinese road asset - Chongqing Yuhe Expressway Co Ltd (CYEC). The stake is sold to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants, a release from IL&FS Group said. The transaction will help the group address Rs 2,600 crore of its overall debt of close to Rs 99,000 crore (as of October 2018). The group, through its step-down Singapore-based subsidiary...

This is the largest transaction for IL&FS since the sale of its wind energy assets to Orix and will help the group address ₹2,600 crore of its overall debt of close to ₹99,000 crore (as of October 2018)

IL&FS addresses aggregate debt of Rs 32,000 crore SECTIONS Share Synopsis The total debt of Rs 32,000 addressed comprises of Rs 21,600 crore of debt addressed basis cash balances and nearly Rs 10,300 crore of additional net recovery expected from resolution and restructuring applications filed with the National Company Law Tribunal at Mumbai and NCLAT, the approvals for which are awaited. Reuters Mumbai: Beleaguered infrastructure financier IL&FS on Friday said that the government constituted board and management has addressed aggregate debt of Rs 32,000 crore. The board also said that the gr...

IL&FS addresses Rs 32,000 crore debt The board, led by veteran banker Uday Kotak, retained its target of addressing a debt of over Rs 56,000 crore by 2021-22, of an overall debt of over Rs 99,000 crore (as of October 2018). PTI January 22, 2021 / 03:14 PM IST Debt-laden Infrastructure Leasing and Financial Services group's (IL&FS) board on Friday said it has addressed Rs 32,000 crore of the group''s overall debt so far. The board, led by veteran banker Uday Kotak, retained its target of addressing a debt of over Rs 56,000 crore by 2021-22, of a...