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Infrastructure Leasing and Financial Services News

Infrastructure Leasing and Financial Services

20 Jul 2020

IL&FS lays out road map to address over Rs 57,000 cr of debt

Till June 30, 2020, the debt-laden company has addressed debt of Rs 17,640 crore. The new board shared a quarterly plan that estimates addressing additional debt of Rs 8,800 crore by second quarter of FY21 Rs 18,000 crore by the third quarter of FY21 and over Rs 6,000 crore by the end of fourth quarter of FY21.

Infrastructure Leasing and Financial Services

22 Oct 2018

IL&FS board appoints 3 advisors to develop resolution plan

The board after it's first meeting had said it is required to give a roadmap for the company to NCLT by October 31.

Infrastructure Leasing and Financial Services

03 Oct 2018

SFIO starts probe into IL&FS crisis

In a rare move, the government has superseded the board of IL&FS on Monday against the backdrop of debt defaults by some of its group entities that triggered fears of liquidity crunch.

Infrastructure Leasing and Financial Services

03 Oct 2018

Government's rescue of debt-ridden IL&FS may spell major losses for lenders

But IL&FS had compromised on corporate governance and risk management norms, the government told the company law tribunal on Monday as it explained why it intended to take over the firm.

Infrastructure Leasing and Financial Services

01 Oct 2018

IL&FS wins shareholder approval for restructuring plan

The shareholder approval gives the privately-held Indian infrastructure financing and construction firm a lifeline and time to sell some of its infrastructure assets and restructure its 910 billion rupee ($12.55 billion) debt pile.

‪Narendra Modi‬

29 Mar 2017

India's longest road tunnel set to open in J&K: 10 facts will make you feel proud

Prime Minister Narendra Modi will dedicate to the nation the India's longest road tunnel on April 2. It is built on the Jammu-Srinagar National Highway.

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