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ILFS ASSET RESOLUTION
IL&FS group discharges Rs 45,281 cr debt to its lenders as of March 2025IL&FS group has resolved Rs 45,281 crore of its debt by March 2025, marking significant progress in its resolution plan, which includes 197...- IL&FS InvIT Roadstar Infra Investment Trust lists on NSEInfrastructure Leasing & Financial Services (IL&FS) has listed the Roadstar Infra Investment Trust units on NSE on Tuesday as a part of its...
- IL&FS Group initiates Rs 5,000 cr payouts in InvIT units and cash under interim distributionIL&FS Group has started an interim distribution of Rs 5,000 crore, including Rs 3,500 crore in InvIT units and Rs 1,500 crore in cash for d...
- IL&FS fin to sell bad loans worth ₹2,200 crIL&FS Financial Services is selling ₹2,200 crore in loans to recover dues from SKIL Infrastructure, Gujarat-Dwarka Portwest, and SKIL-Himac...
- IL&FS seeks NCLAT nod to sell insolvent companies with haircut, without shareholders' approvalIn this process, "lenders, as well as shareholders, would anyway have to take a haircut for their respective debt/ and equities," IL&FS sai...
- IL&FS plans sale of some road assets as InvIT transfer faces hurdlesIL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferr...
- IL&FS unit, lenders lock horns over future of some road assetsThe lenders see value in selling the assets while ITNL wants a resolution by transferring the asset to its infrastructure investment trust ...
- IL&FS gets NCLT approval to sell HQ to BrookfieldBrookfield's affiliate company Chronos Properties has emerged as the successful bidder to acquire the marquee property for over ₹1,080 cror...
- IL&FS puts more Mumbai properties on the blockMonetisation of these key properties, in the business district of Lower Parel and Chandivali, owned by the company and its wholly-owned sub...
- IL&FS' iconic headquarters in Mumbai's BKC sold to Brookfield for Rs 1,080 croreThe iconic property was one of the first structures to come up in BKC, which is now the de facto Central Business District of the country’s...
- IL&FS slips in Q2 recovery target, maintains overall resolution at Rs 50,000 croreThe Board of Directors, in its second quarterly update on the asset resolution status, said it has addressed Rs 1,460 crore of additional d...
- IL&FS gets NCLT approval for sale of education assets to Lexington Equity HoldingsA two-member Mumbai bench of the NCLT approved the sale of IL&FS's 73.69 per cent stake in Schoolnet India, formerly known as IL&FS Educati...
- Creditors raise objections, block resolution of 5 IL&FS road assetsAn affidavit by the board said that “of the five ITNL sale SPVs, voting had commenced for four SPVs. On account of concerns raised by the C...
- IL&FS board proposes distribution framework for group resolutionIt has proposed to release 55 companies from the moratorium. Some of these are under IBC process.
- IL&FS plans equitable distribution of sale proceeds to creditorsUday Kotak-led board has also proposed to release 55 group firms from moratorium
- IL&FS can sell 51% in wind units to Japanese investorNCLT asks company to deposit proceeds in an interest-bearing account for now.
- IL&FS board sets up sub-committee to oversee disinvestment processThe decision to form a sub-panel was taken in its board meeting held on June 28, Infrastructure Leasing & Financial Services Ltd (IL&FS) sa...
- NCLAT suggests appointing a former Supreme Court judge for IL&FS asset salesThe new management of the IL&FS is considering assets sales to bail out the company from its financial mess and pay back to its lenders ove...
- Group-level resolution for crisis, debt unlikely: IL&FS boardThe new board of the group also said it will soon initiate the process to divest its stake in IL&FS Education, IL&FS Technologies, ONGC Tri...
- IL&FS board approves rights issue; to approach NCLT for asset saleIn the annual general meeting held today, the company briefed the shareholders about the situation and how it plans to restore normalcy.
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