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IL&FS roads InvIT set for launch Settling and awarding dues to IL&FS is imperative as the group is struggling under a debt of ₹99,358 crore.aniruddha chowdhury/mint 1 min read Share Via Read Full Story MUMBAI: Infrastructure Leasing and Financial Services (IL&FS) will launch its infrastructure investment trust (InvIT) soon, wherein it will convert the debt owed to banks in 10 road projects into units of the trust. The InvIT has received all approvals for the launch, a source close to the development told Mint. “IL&FS has got the approval from its committee of creditors for its InvIT. It has also completed the green channel filing with the Competition Commission of India and obtained the final registration from the Securities and Exchange Board of India (Sebi). It will make a formal announcement soon, the person mentioned above said. ....
Infosys fastest wealth creator in 25 years, Reliance biggest: Motilal Oswal Infosys has given outstanding returns to long terms investors, offering a robust price compound annual growth rate (CAGR) of 30 per cent to emerge as the fastest wealth creator between 1995 and 2020 Chitranjan Kumar | December 23, 2020 | Updated 22:54 IST Infosys was also the fastest wealth multiplier, increasing wealth of the stockholder by 688 times Infosys, the country s second largest software exporter, has emerged as the fastest wealth creator in the last 25 years. Mukesh Ambani s Reliance Industries turned out to be the biggest wealth creator in this period, according to a report by Motilal Oswal Financial Services. ....