IL&FS expects to recover Rs 58,000 cr by March 2022
Debt-laden IL&FS on Wednesday said it expects to address Rs 58,000 crore or 95% of its estimated debt recovery target by March 2022, reports PTI. In April this year, the group had revised its estimates for aggregate debt recovery to Rs 61,000 crore beyond September 2021. The group's overall debt stood at Rs 99,000 crore, as of October 2018. As of May 31, 2021, Rs 43,600 crore or 44% of estimated recovery have been addressed, the group said.