IL&FS Group has repaid ₹2,150 crore to senior secured lenders of IL&FS Tamil Nadu Power Company (ITPCL). This repayment is part of a debt restructuring plan approved by 88% of lenders and has reduced ITPCL s outstanding principal by over ₹1,900 crore. The company is also in the process of obtaining approvals for the disbursement of an additional ₹300 crore.
The term of Uday Kotak, who was appointed as chairman of crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS) is ending this week and the Union government has appointed CS Rajan, who is managing director (MD), as the new chairman for six months.
The debt-ridden Infrastructure Leasing & Financial Services Limited (IL&FS) today said it has addressed debt of Rs 55,000 crore till date, up from Rs 52,200 crore as of November 2021.
Debt-ridden IL&FS Group on Tuesday said that it has addressed debt of Rs 55,000 crore till date and the resolution of remaining Rs 6,000 crore debt will move into FY23.According to IL&FS, the current addressed debt is higher than Rs .