Infrastructure Leasing and Financial Services Group will pay ₹32 bln to banks and debenture holders of IL&FS Financial Services Ltd as part of its interim distribution payout process, the company said in a press release.
Of the total of ₹32 bln, about ₹22.5 bln will be paid to a combination of 28 state-owned, private and foreign banks, and 9.5 bln rupees to over 500 public debenture holders
The Group retained its overall resolution estimate at Rs 61,000 crore, representing 62 per cent of overall fund based and non-fund based debt of over Rs 99,000 crore as of October 2018.