Ratings remain under watch with developing implications, ICRA said in a statement. Last month, ICRA had cut IL&FS' rating from "AAA" to "AA+" for loans and debentures
IL&FS has been facing liquidity problems for some time now
The fundraising was necessitated after recent defaults by IL&FS group firms to various institutions
Directors might reduce premium on rights issue, discuss repayment defaults by subsidiary
Restriction follows company's failureto repay maturing CPs on due date
This is probably the first time that a large financial institution has defaulted on a loan repayment, said banking sources.
According to a moneylife report, SIDBI has also asked one of its senior officials to resign over the loan default
The RBI asked IL&FS Financial Services, a 100 per cent subsidiary of IL&FS, to bring its exposure down within a year
As part of its affordable housing entry, IL&FS is looking to develop one million homes in the next five years time
Interview with Vibhav Kapoor, Group chief investment officer, IL&FS
The company now operates 11.7 kilometres built at a cost of about Rs 3,600 crore
The new fund seeks to raise $30-40 million in capital commitments
The EPC major now plans to focus more on captive orders, develop an international portfolio
Sources said Adani will construct a captive port to handle coal for IL&FS power project in Tamil Nadu
Project for construction of 7 elevated metro stations, three At-grade stations, is to be completed in 110 weeks from date of LoA
These infra trusts are instrument through which investors can take exposure to income-generating infrastructure assets
IIML will offer structured products in infrastructure and real estate in the Middle East and Africa