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i&fRs 5,000 Cr Interim Payout to Creditors 13 дней назад


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i&fRs 5,000 Cr Interim Payout to Creditors

IL&FS Group Initiates ₹5,000 Cr Interim Payout to Creditors In a significant step towards resolution, the Infrastructure Leasing & Financial Services (IL&FS) group has initiated an interim distribution of ₹5,000 crore to eligible creditors. This payout includes ₹3,500 crore in Infrastructure Investment Trust (InvIT) units and ₹1,500 crore in cash. • The interim distribution is primarily driven by three holding companies: IL&FS Ltd, IL&FS Financial Services Ltd (IFIN), and IL&FS Transportation Networks Ltd (ITNL). • Post this payout, the aggregate debt discharged across IL&FS Group companies will reach approximately ₹43,000 crore. This accounts for over 70% of the estimated total debt resolution target of ₹61,000 crore. #ILFS #DebtResolution #Infrastructure #IndianEconomy #BusinessNews Subscribe to StatX for more financial news and updates!

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