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IL&FS addresses Debt Worth Rs43,000 Crore, Increases Aggregate Debt Recovery Target to Rs61,000 Crore
Moneylife Digital Team
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The crisis-hit Infrastructure Leasing and Finance Limited (ILFS) group says so far it has addressed a debt of about Rs43,000 crore and increased its aggregate debt recovery estimate by Rs5,000 crore to Rs61,000 crore due to improved valuations, better operating performance, and enhanced recoveries from non-group exposure.
 
Speaking with media persons in a web-meeting, Uday Kotak, chairman of IL&FS, says, The increased estimate represents a resolution of nearly 62% of overall fund based and non-fund-based group debt of around Rs99,000 crore as of October 2018. ....

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