IL&FS addresses aggregate debt of Rs 32,000 crore

Mumbai: Beleaguered infrastructure financier IL&FS on Friday said that the government constituted board and management has addressed aggregate debt of Rs 32,000 crore. The board also said that the group has estimated that it would address total debt of over Rs 56,000 crore by FY22, out of an overall debt of over Rs 99,000 crore as of October 2018.

The total debt of Rs 32,000 addressed comprises of Rs 21,600 crore of debt addressed basis cash balances and nearly Rs 10,300 crore of additional net recovery expected from resolution and restructuring applications filed with