IL&FS expects to recover Rs 58,000 cr by March 2022
Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Wednesday said it expects to address Rs 58,000 crore or 95 per cent of its estimated debt recovery target by March 2022. In April this year, the group had revised its estimates for aggregate debt recovery to Rs 61,000 crore beyond September 2021.
The group’s overall debt stood at Rs 99,000 crore, as of October 2018. In a presentation released on Wednesday, the group said a significant portion or Rs 50,000 crore of estimated recovery will be addressed by September 2021. ”95 per cent (Rs 58,000 crore) of estimated recovery (to be addressed) by March 2022,” it said.
