IL&FS lists its InvIT on @NSEIndia - after concluding allotment of units at an enterprise valuation of Rs 8,592 crore to creditors.
ilfsindia.com/AdminIndia/ILF…
IL&FS initiates ₹5,000 crore payout as interim distribution. Payout comprises ₹3500 crore in InvIT units and ₹1500 crore in cash to eligible creditors. InvIT units being allotted at Enterprise Valuation of Rs 8500 crore.
Media Release :
ilfsindia.com/AdminIndia/ILF…
….His strategic vision, vast experience and innovative approach was instrumental in shaping the resolution process at IL&FS.
The new IL&FS Board expresses its heartfelt condolences to the family”
2/2
“We are deeply saddened to hear of the demise of Mr Vineet Nayyar - who spearheaded the IL&FS resolution first as its Managing Director and then as its Vice Chairman. He later Resigned from the Board, due to his health, in 2020.
1/2
Media Release - IL&FS Group discharges aggregate debt of Rs 35,650 crore across Group Companies.
Aggregate payout by way of interim distribution at Rs 10,000 crore
ilfsindia.com/AdminIndia/ILF…
IL&FS completes Interim Distribution of Rs 920 crore in CNTL, final Distribution of Rs 919 crore in KSEL. Aggregate debt resolved, with these payouts stands at approx ₹29000 crore.
Media Release : ilfsindia.com/press-release.…
IL&FS. Good to see continued progress on returning creditors’ money. We may recollect it’s default against total debt of ~1 lakh crores across 347 companies in September 2018 was considered a systemic risk and ‘India’s Lehman moment’. m.economictimes.com/industry…
IL&FS completes second payout under Interim Distribution. Total of Rs 1908 crore paid, in interim basis, till date to creditors. RMGL and RMGSL two companies that complete interim distribution payout: Media Release: ilfsindia.com/pdf/Final-RMGS…
IL&FS commences payout under Interim Distribution Framework. RMGL secured creditors, largely PSU Banks, get Rs 623.38 crore, 83 per cent of total claims. Additional amount to Unsecured creditors under process - Media Release ilfsindia.com/pdf/First-Inte…