Page 17 - Il&fs

Lenders, not NHAI have first right to IL&FS' sold highway projects

Of the 13 projects, eight projects are at the operation-and-maintenance (O&M) stage and the remaining are substantially (95 per cent) complete

Rs 530-bn banks' exposure to IL&FS critical to financial stability: Report

The borrowing from banks and financial institutions comes to about Rs 630 billion

How to save ILFS? Kill the lender's toxic culture by dismembering it

If IL&FS is sold in its present form, its toxic culture, which has for three decades involved inflating project values, will eventually revive

IL&FS crisis: This subsidiary ran business without capital for 3 years

IFIN had outstanding loans and investments to companies in the IL&FS Group of Rs 57.28 billion (FY16), Rs 51.27 billion (FY17), and Rs 54.9 billion (FY18)

IL&FS new board moves to clean up debt mess, introduces austerity measures

Since taking over the company, the new board has appointed members to the boards of eight key IL&FS companies

IL&FS submits revival plan to NCLT, proposes capital infusion, assets' sale

The new board expects to complete the process in the next 6 to 9 months

IL&FS submits revival plan to NCLT, to resolve the crisis within 9 months

IL&FS was looking at three strategies: an outright sale of the entire IL&FS group, sales of its subsidiaries or assets

Markets face trust deficit, IL&FS crisis may strain weaker finance cos: S&P

India's financial markets are facing a 'trust deficit' and disruptions due to defaults by a major non-banking finance company which could put a strain on weaker firms, S&P Global Ratings said Wednesday. Spreads have widened, and short-term borrowing costs have spiked since Infrastructure Leasing & Financial Services (IL&FS), an infrastructure development and finance company with a high domestic rating, defaulted on loan repayments in August and September. Corporate governance concerns are adding to risk aversion. "India's financial markets are facing a trust deficit. The disruption could put a strain on weaker companies as well as finance companies," S&P Global Ratings credit analyst Geeta Chugh said. In its report titled 'A look at whether India Inc can handle the liquidity crunch in debt capital markets', S&P said rated Indian companies are relatively well-positioned to withstand the stress in India's debt capital markets that ensued after a major ...

Govt mulls sale of beleaguered IL&FS to a financially strong investor

Other options include splitting businesses according to verticals and disposing them off to several buyers or injecting liquidity at group level to avoid an outright sale

FSDC discusses NBFC fund crunch; RBI assures adequate liquidity in system

The meeting assumes significance as the FSDC is meeting for the first time after RBI Deputy Governor Viral Acharya raised issues regarding the independence of the central bank

After IL&FS fiasco, MF redemptions up to Rs 2 trn can support NBFCs: Report

Mutual fund redemptions amounting to Rs 2 lakh crore by investors following the IL&FS crisis will help in supporting other NBFCs and restrict spillovers into real economy, a report said Friday. The report by economists at private sector HDFC Bank said estimates suggest Rs 2 lakh crore have moved from MFs back to banks as investors pulled out of liquid and fixed income funds that had supported NBFC funding. "With this windfall in deposits, banks could use it to buy good quality assets from the NBFCs. This we believe is a more probable scenario and could help ease a lot of liquidity related worries going forward," it said. However, it flagged worries around high risk folios and doubted if they will find buyers and also to some sub-prime worries on loans to small businesses and auto. It can be noted that banks have already declared an interest in portfolio buys from NBFCs, led by SBI announcing a three-fold increase in its target to buy portfolios to Rs 45,000 ...

Exposure to crisis-hit IL&FS takes a toll on L&T Finance Holdings' stock

Company management though believes default probability is low, and overall liquidity levels are satisfactory

Govt stands committed to no more defaults by IL&FS, says P P Chaudhary

'There was mismanagement in the group. It will take time to fix it. The new board needs time to resolve the situation'

IL&FS inducts C S Rajan into board of IECCL as additional director

Rajan's nomination was announced by the newly constituted board of IL&FS in the board meeting held on October 12

No bailout for IL&FS?

A government bailout of a private company would be a huge risk in the run-up to the general election in 2019

IL&FS default has severely hit investor trust, says Sebi chairman Tyagi

Tyagi calls for better monitoring of end use of funds

IL&FS crisis: NBFC cash crunch to trigger real estate consolidation

Already, the real estate sector is reeling from pressure due to subdued demand and rising costs

Crisis-hit IL&FS to start getting money from PSUs in a few months

IL&FS needs at least Rs 1 billion a month just to stay afloat

IL&FS board appoints financial, restructuring advisors for turnaround plan

JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward

Shareholders skip IL&FS rights issue, to wait for clarity on board's plans

IL&FS had required a line of credit by August 15 and wanted to close the rights issue by September 15 to avoid any default