Eight To Ten IL&FS Subsidiaries Soon To Be Sold
As per Govt-appointed board of directors, soon eight to ten subsidiaries of Infrastructure Leasing and Financial Services Ltd (IL&FS) will go up for sale, as...
Tag : IL&FS
IndusInd Bank Terminates Purchase Agreement With IL&FS
IndusInd Bank has announced that its agreement to fully acquire IL&FS Securities Services Ltd (ISSL) had been terminated due to non-fulfilment of conditions. Earlier this...
IL&FS Board Creates A New Roadmap To Address Lenders Concerns
The IL&FS board has briefed the National Company Law Appellate Tribunal (NCLAT) that the board has created a new roadmap to address nonpayment of dues...
IL&FS Board Invites Bidders To Purchase Stake In Assets
Infrastructure Leasing & Financial Services Ltd. has invited buyers to purchase a stake in two of its subsidiaries in order to bring back the debt-laden...
IL&FS Board Appoints 3 Advisors To Establish Resolution Structure
The Infrastructure Leasing and Financial Services Ltd newly constituted board have appointed three advisors to formulate and execute a resolution plan for the debt-ridden company....
The Ministry Of Corporate Affairs Celebrates Over NCLAT Stay Order
The ministry of corporate affairs is rejoicing after the NCLAT stayed all the proceedings against debt-laden IL&FS and its 348 subsidiaries and said that the...
NCLAT Stays All Proceedings Against IL&FS And Its 348 Subsidiaries
The National Company Law Appellate Tribunal (NCLAT) stayed all proceedings against IL&FS and other group companies till its further notice. Ministry of Corporate Affairs filed...
IndusInd Bank’s Profit For The Q2 FY19 Reported At Rs 920.25 crores
IndusInd Bank published their financial report for the July-September quarter with a net profit of Rs 920.25 crores, posting a 4.6% rise as compared to...
NCLT Approves The Takeover Of IL&FS Management Board
The National Company Law Tribunal (NCLT) has approved the takeover of the crisis-hit IL&FS management board by the government. The corporate affairs ministry has applied...
Shareholders Approve IL&FS’s Plans To Raise Rs. 15000 Crores
Infrastructure Leasing & Financial Services Ltd (IL&FS) has secured shareholders approved for its plans to raise money through debt and equity after its recent debt...