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IL&FS Confident of Addressing Debt Worth Rs58,000 Crore by March 2022 moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
IL&FS addresses Rs 43,000 cr debt, raises aggregate debt recovery target sify.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sify.com Daily Mail and Mail on Sunday newspapers.
IL&FS Hopes To Resolve Over 60% Of Total Dues Apr 15 2021, 3:25 PM April 15 2021, 3:25 PM April 15 2021, 3:25 PM The new board of Infrastructure Leasing and Financial Services Group, which started defaulting on debt in August 2018, hopes to resolve about 60% of the entityâs outstanding dues.So far, the group has resolved 186 of the 347 entities within the group, according to the billionaire banker Uday Kotak-led board of the conglomerate. Debt worth Rs 43,100 crore has been resolved so far, short of the Rs 50,500-crore resolution target the boa. The new board of Infrastructure Leasing and Financial Services Group, which started defaulting on debt in August 2018, hopes to resolve about 60% of the entityâs outstanding dues. ....
IL&FS addresses Rs 43,000 cr debt, raises aggregate debt recovery target By IANS | 6 Views IL&FS. (File Photo: IANS). Image Source: IANS News Mumbai, April 15 : IL&FS Group has addressed a debt of Rs 43,000 crore so far and the management has now raised its aggregate debt recovery estimate to Rs 61,000 crore. The previous estimate of overall debt recovery was Rs 56,000 crore. The increased estimate represents a resolution of nearly 62 per cent of overall fund based and non-fund based group debt of around Rs 99,000 crore, as of October 2018, Chairman of IL&FS, Uday Kotak told the media on Thursday. The aggregate debt of Rs 43,000 crore addressed till date represents nearly 71 per cent of the overall revised targeted recovery value of Rs 61,000 crore and 44 per cent of the overall debt of over Rs 99,000 crore. ....
IL&FS addresses Debt Worth Rs43,000 Crore, Increases Aggregate Debt Recovery Target to Rs61,000 Crore Moneylife Digital Team 0 The crisis-hit Infrastructure Leasing and Finance Limited (ILFS) group says so far it has addressed a debt of about Rs43,000 crore and increased its aggregate debt recovery estimate by Rs5,000 crore to Rs61,000 crore due to improved valuations, better operating performance, and enhanced recoveries from non-group exposure.
Speaking with media persons in a web-meeting, Uday Kotak, chairman of IL&FS, says, The increased estimate represents a resolution of nearly 62% of overall fund based and non-fund-based group debt of around Rs99,000 crore as of October 2018. ....