In the news
1 May 2019

IL&FS Mutual Fund makes on-time redemption of Rs 314 crore to investors

IL&FS MF on Tuesday paid Rs 314 crore to investors in one of its infrastructure debt fund, making on time redemption, said the company release.

Press release
30 Apr 2019

IL&FS MUTUAL FUND MAKES ON-TIME REDEMPTION IN ITS FIRST INFRASTRUCTURE DEBT FUND SERIES

IL&FS Mutual Fund (IDF) today made on-time redemption in its first debt fund series, IL&FS Infrastructure Debt Fund Series 1-A (IDF Scheme A), on its due date ie April 30, 2019. The Scheme redeemed Rs. 314 crore to the investors, which was paid out today. IDF Scheme A, 5-year closed ended scheme, had raised Rs. 238 crore from various Institutional Investors and was fully funded in April 2014.

In the news
26 Apr 2019

IL&FS may sell 49% of China Asset

ITNL International, a subsidiary of ITNL, has put another asset on the block. It is now looking to divest 49% stake in the Chongqing Yuhe Expressway Company Limited

In the news
25 Apr 2019

SFIO quizzes Deloitte ex CEO

SFIO on Wednesday quizzed Udayan Sen, ex CEO of Deloitte, and two others on alleged audit lapse in the books of IL&FS

In the news
25 Apr 2019

Disclose exposure to IL&FS group firm: RBI tells Bank

RBI on Wednesday asked the banks to disclose their exposure to IL&FS and its Group identities in their notes to financial statements

Press release
22 Apr 2019

GAIL emerges highest bidder for IL&FS Wind Asset Portfolio

GAIL EMERGES AS HIGHEST BIDDER FOR WIND ASSETS PORTFOLIO OF IL&FS The process was launched through a public invitation for expressions of interest, dated November 29, 2018. At the end of the binding bidding process, reached after comprehensive due-diligence including site visits across 12 sites spread across 7 states, GAIL (India) Limited has emerged as the highest bidder for 7 operating wind power plants (“SPVs”) having a total generation capacity of 874 MW.

In the news
19 Apr 2019

Former CEO of ILFS Financial sent to Judicial custody

Former IL&FS Financial Services CEO and MD, Mr Ramesh Bawa, has been sent to judicial custody by a magistrate in Mumbai.

In the news
17 Apr 2019

Bank must tag IL&FS account as NPA under default

RBI on Tuesday told the NCLAT that banks will have to classify the accounts of debt ridden IL&FS accounts and its Group companies as NPAs in terms of its master circular and the Supreme Court judgement

In the news
17 Apr 2019

Former IL&FS CMD's judicial custody extended till April 30

The Bombay High Court held the order by the Metropolitan court of sending Mr Hari Sankaran to Judicial custody as illegal. However, Mr Sankaran's custody was extended till April 30

In the news
17 Apr 2019

SFIO finds Deloitte due diligence below par in IL&FS arm audit

SFIO has found the audit of Deloitte Haskin and Sells did not exercise adequate due diligence while auditing the books of IL&FS arm

Load more