In the news
2 Oct 2019

Kotak says hopeful of 50% plus recovery at debt laden IL&FS

"We should be able to recover, restructure, resolve over 50% and cross the 50% mark based on our best judgement " said Mr Kotak, Chairman, IL&FS

Press release
1 Oct 2019

Press Conference - Presentation to Media by Board

The Board of Directors of IL&FS addressed the media on the completion of One year term.

In the news
20 Sep 2019

SFIO asks rating companies - CARE India Rating, Brickwork and ICRA - to share info on fees given by IL&FS

The SFIO and other regulators have asked four credit rating agencies - CARE ICRA India Ratings and Brickwork - for information on money they received from IL&FS and its subsidiaries as rating and non-rating fees to determine if there was any round tripping of funds or favor granted, said three people familiar with the development.

In the news
20 Sep 2019

IL&FS starts repaying Rs 5,071 crore to creditors

Debt laden IL&FS has started repaying the creditors of three group entities , with outstanding claims of Rs 5,071 crore, according to affidavit filed with appellate tribunal on Thursday

In the news
19 Sep 2019

SEBI slaps Rs 10 lakh fine on IL&FS

SEBI has slapped Rs 10 Lakh fine on IL&FS for not disclosing price sensitive information pertaining to fund raising through rights issue and asset divestment plan to stock exchange

In the news
19 Sep 2019

Haryana seeks CAG audit on Rapid Metro finances

The Haryana government, on Wednesday, approached the Punjab and Haryana High Court (HC) seeking appointment of the Comptroller and Auditor General (CAG) of India for conducting a forensic audit of the Rapid Metro’s finances.

In the news
10 Sep 2019

IL&FS unit to run Gurgaon Metro till Sept 17

The Punjab and Haryana High Court has adjourned the hearing on the dispute over the handover of Rapid Metro Rail Project in Gurgaon to September 17, 2019. Till then both RMGSL and RMGL will continue to run it, the court said

Press release
10 Sep 2019

IL&FS RECEIVES BINDING BIDS OF RS. 13,000 CR FOR DOMESTIC ROAD ASSETS

IL&FS has received binding financial offers aggregating close to Rs. 13,000 crore for ten Domestic Road Assets. These bids were opened on September 9, 2019. In addition to the above, IL&FS Group entities continue to hold rights to receive claims with Gross Value exceeding Rs 1,900 crore, filed with various concession authorities in respect of these assets. The combined value of bids and these claims will help address the cumulative financial debt of Rs. 17,700 crore, as of October 2018, in these assets.

In the news
7 Sep 2019

IL&FS Board files affidavit in NCLAT

In a bid to classify Amber Companies into Green, the new Board of IL&FS presented the creditors of these entities debt restructuring proposals

In the news
5 Sep 2019

A year later, IL&FS on Road to Recovery - Business Standard

A year after IL&FS collapsed leading to a crisis in the financial sector, the resolution process set by the new Board has slowly but steadily started yielding results with 10 Road projects attracting investor interest and seven wind energy assets being sold

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