IL&FS Board is hopeful that it will be able to address the targetted debt of over Rs 50,000 crore in the current financial year despite the impact of the pandemic.   It is hopeful of achieving the targeted debt resolution of over 50 per cent of the overall debt.   In a...
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Vineet Nayyar has resigned as executive vice chairman of Infrastructure Leasing & Financial Services (IL&FS) on medical grounds. CS Rajan, managing director (MD) of IL&FS will take over the responsibilities of Mr Nayyar, the group says in a release.   The matter was discussed in...
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Two offshore companies of IL&FS Group, ITNL Infrastructure Developer LLC, ITNL International DMCC have filed for bankruptcy in Dubai.   The two companies are subsidiaries of ITNL International Pte. Limited, (IIPL) Singapore, which is a step-down subsidiary of IL&FS Transportation...
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Market regulator Securities and Exchange Board of India (SEBI) has increased its penalty to Rs1 crore each on India Ratings and Research Pvt Ltd, Care Ratings and ICRA Ltd for default committed in rating Infrastructure Leasing & Financial Services (IL&FS) and its subsidiary company IL&FS...
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The IL&FS Group on Wednesday completed sale of its 73.69% stake in Education business, held under the Schoolnet India Limited (SIL), to Falafal Technologies Private Limited (FTPL).   The sale was completed pursuant to the approval granted by the National Company Law Tribunal (NCLT),...
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