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IL&FS board addresses nearly Rs 32,000 crore of debt by December

Last year, in June, the board of IL&FS laid down a road map to resolve 57 per cent of the group's nearly Rs 1 trillion debt pile

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Of the Rs 32,000 crore worth of debt addressed by the management, Rs 21,600 crore was basis cash balance and approximately Rs 10,300 crore is the net recovery expected

Subrata Panda

3 min read Last Updated : Jan 23 2021 | 1:26 AM IST

The board of Infrastructure Leasing & Financial Services (IL&FS) on Friday said it had addressed nearly Rs 32,000 crore of the group’s aggregate debt pile of nearly Rs 1 trillion by the end of the December quarter (Q3) of FY21.

The board has also received the necessary approvals for its infrastructure investment trust (InvIT), which targets to resolve approximately Rs 13,000 crore of debt, and plans to launch it soon. It has got the Securities and Exchange Board of India (Sebi) registration certificate, approval from the committee of creditors of IL&FS Transportation Networks (ITNL) for transfer of phase-I assets, and green

Topics : Infrastructure Leasing and Financial Services Limited National Company Law Tribunal Competition Commission of India

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