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IL&FS expects to address over Rs 50,000 cr of its debt by March 2021

The group has shared its estimates of debt to be addressed over the next three quarters

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Till June 30, 2020, the debt-laden company has addressed debt of Rs 17,640 crore, which is around 18 per cent of its total debt

Press Trust of India

4 min read Last Updated : Jul 20 2020 | 7:48 PM IST

Cash-strapped Infrastructure Leasing and Financial Services (IL&FS) Group on Monday said it expected to address over Rs 57,000 crore of its debt, which is around 57 per cent of its overall debt of Rs 99,000 crore, in the cmonths to come.

Of this, the group estimates to address close to Rs 50,500 crore of its debt by March 2021, and an additional debt of Rs 6,600 crore beyond FY21. However, it did not give any timeline for addressing the additional debt of Rs 6,600 crore.

The group shared its estimates of debt which to be addressed over the next three

Topics : IL&FS Crisis IL&FS Debt Uday Kotak IL&FS group Insolvency and Bankruptcy Code NBFCs

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