HSBC files winding up plea against IL&FS firm in Singapore courtIn the first such case against a group entity of crisis-hit Infrastructure Leasing and Financial Services Ltd (IL&FS) Group, the Hongkong a...
IL&FS crisis: Forensic report finds money laundering of over Rs 6,500 croreThe IL&FS crisis first came to light in July 2018 when ITNL, the road arm, was facing difficulty in making repayments due on its bonds. At ...
EY and other audit firms also under lensOfficial sources told ET that EY jointly audited ITNL along with Deloitte Haskins and Sells (DHS) in FY17. After that date, EY has been the...
IFIN ex-CEO Bawa says LIC didn’t back Piramal’s IL&FS bidThe Piramal Group was close to take charge of the IL&FS Group in 2015 but the deal failed to take off.
SFIO says RBI could've acted faster on IL&FSSFIO's chargesheet suggests the RBI should conduct internal inquiry & take 'appropriate action'.
Crisil downgrades NCD of IL&FS arm JRPICLIn another blow to debt-ridden IL&FS Group, Crisil, on Tuesday,downgraded rating on the non-convertible debentures of Jharkhand Road Projec...
CRISIL downgrades two IL&FS SPV bondsBoth the ratings remain on “Rating Watch with Negative Implications”.
Market could be disrupted if IL&FS’ SPVs don’t pay upIndia ratings, Crisil hint at sharp downgrades if repayments are allowed to stop.
Will IL&FS move turn "regressive" for investors?IL&FS declined to comment on the matter, while individual investors could not be contacted immediately.
IL&FS mess: How gatekeeper rating agencies, auditors, analysts let you downCredit rating agencies ignored the rising debt levels at IL&FS group.
Rising US yields force IL&FS Group to postpone $350-million bond issueThe benchmark US Treasury yield recently shot up to a four-year high of 2.92% and remains elevated in the past few weeks.
IL&FS to exit China JV with Chongqing Expressway; 49% stake may fetch it $170 mnThe proposed sale is estimated to fetch as much as $170 million and has attracted interest from as many as 10 bidders.
ITNL hits Chinese debt market again, raises 630 million yuanThe debt raised by ITNL Offshore, carries an unconditional and irrevocable guarantee of $ 114 million from Exim Bank, as per a note by Fitc...
Seven junk bond sales raise close to $4 billion this fiscalGlobal Cloud Xchange, earlier known as Reliance Globalcom, raised $ 350 million issuing 5-year tenure bonds at a coupon of 7 per cent.
IL&FS overseas arm raises 575 million yuan from Chinese debt marketThe bonds will be listed on Hong Kong Stock Exchange. IL&FS Transportation or ITNL could not be reached immediately for comments.
- IL&FS Transportation raises 630 mn yuan from Hong Kong market
Infrastructure company IL&FS Transportation Networks has raised 630 million yuan (about Rs 525 cr) through its Singapore-based subsidiary b...
- ITNL raises about Rs 525 cr from Hong Kong market by Yuan-denominated bonds
IL&FS Transportation Networks has raised 630 million yuan (about Rs 525 crore) through its Singapore-based subsidiary by issuing Yuan-denom...