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ILFS on track for 62% recovery, says Uday Kotak : Rashtra News The IL&FS board expects to resolve around Rs 57,000 crore of the Rs 99,000 crore total debt inherited by the directors by March 2022. Overall the Uday Kotak led board expects to complete resolution of Rs 61,000 crore or about 62% of the
Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Tuesday said it has addressed debt of Rs 52,200 crore till date and is on course to resolve around Rs 57,000 crore debt by March 2022.The debt of Rs 52,200 crore addressed ...
The board of Infrastructure Leasing & Financial Services (IL&FS) on Friday said it had addressed nearly Rs 32,000 crore of the group’s aggregate debt pile of nearly Rs 1 trillion by the end of the December quarter (Q3) of FY21. The board has also received the necessary approvals for its infrastructure investment trust (InvIT), which targets to resolve approximately Rs 13,000 crore of debt, and plans to launch it soon. It has got the Securities and Exchange Board of India (Sebi) registration certificate, approval from the committee of creditors of IL&FS Transportation Networks (ITNL) for t...