IL&FS Group, which went bankrupt five years ago, has resolved Rs 35,650 crore of its debt through asset monetization and settlements with banks. This means the company has completed over half of the Rs 61,000 crore debt it aimed to resolve. The group has also made interim distributions of around Rs 10,000 crore to lenders across its entities.
The IL&FS Group has completed an Interim Distribution pay-out of Rs 920 crore in the Chenani Nashri Tunnelway Limited (CNTL), a subsidiary of IL&FS Transportation Network Limited (ITNL).As part of this Interim Distribution, IL&FS .
The IL&FS Group has initiated its largest Interim Distribution pay-out till date in IL&FS Financial Services Limited (IFIN), an IL&FS Group company.As part of the interim distribution, IL&FS Group will be paying a total of Rs .
Infrastructure Leasing & Financial Services Limited (IL&FS), under the new management, has completed the interim distribution of Rs1,273 crore for Rapid MetroRail Gurgaon South Limited (RMGSL), an IL&FS Group company.