IL&FS
Sivasankaran again as SFIO finds IFIN violated RBI rules
04 Jun 2019
IFIN is reported to have even lent Rs125 crore to beleaguered Unitech Group, to help it repay dues of around Rs80 crore to Sivasankaran
Insolvent IL&FS to eliminate 65% jobs
04 Dec 2018
NCLT attaches properties of 9 former IL&FS directors
04 Dec 2018
The annual increase in the remuneration of at least one director, Ravi Parthasarathy, in FY18 was 144 per cent, while the average increase in salaries of employees in the same year was 4.44 per cent
Govt weighs options for sale of debt-laden IL&FS: report
31 Oct 2018
IL&FS group is sitting on a debt pile of nearly Rs90,000 crore, and it would be difficult to find a buyer with such financial clout, while it is equally difficult to find a buyer for a complex entity with some 300-odd subsidiaries
IL&FS bids to acquire Dighi Port to protect its equity stake
10 Oct 2018
Balaji Infra Projects Ltd is the promoter of the project, although it holds only a minor stake, while IL&FS Maritime Infrastructure with a higher stake is a financial creditor and is eligible to participate in the bidding process for Dighi Port under the bankruptcy law
New board finds a complex web of 348 entities within IL&FS
05 Oct 2018
The newly-appointed IL&FS board at its first meeting on Thursday elected Uday Kotak as chairman and Vineet Nayyar as managing director and vice-chairman and also formed four statutory committees
SFIO starts probe into operations of IL&FS group
03 Oct 2018
An over-leveraged IL&FS Group accumulated debt of Rs91,000 crore against assets of around Rs1,15,000 crore, which raised the group’s net outflow to Rs7,020 crore in 2017-18, even as the company continued to pay dividends and huge managerial pay-outs
Govt moves NCLT for management change at IL&FS
01 Oct 2018
The government is reported to have sought approval from NCLT to nominate 10 directors, including the managing director of Kotak Mahindra Bank Uday Kotak as IL&FS’ non-executive chairman
IL&FS on the verge of restructuring
01 Oct 2018
IL&FS Financial Services defaults on CPs for a third time
25 Sep 2018
This is third time that IFIN could not service CPs that fell due on maturity after the company failed to duly service CPs on 14 and 18 September, and its parent IL&FS group defaulted on a Rs1,000-cr Sidbi loan and another Rs500 crore due to another FI
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