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IL&FS Hopes To Resolve Over 60% Of Total Dues
Apr 15 2021, 3:25 PM
April 15 2021, 3:25 PM
April 15 2021, 3:25 PM
The new board of Infrastructure Leasing and Financial Services Group, which started defaulting on debt in August 2018, hopes to resolve about 60% of the entity’s outstanding dues.So far, the group has resolved 186 of the 347 entities within the group, according to the billionaire banker Uday Kotak-led board of the conglomerate. Debt worth Rs 43,100 crore has been resolved so far, short of the Rs 50,500-crore resolution target the boa.
The new board of Infrastructure Leasing and Financial Services Group, which started defaulting on debt in August 2018, hopes to resolve about 60% of the entity’s outstanding dues. ....

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