IL&FS Group may surpass its debt recovery target of Rs 61,000 crore, helped by increase in the valuation of assets, better recovery and uptick in economic activity, experts believe.
The group has already paid nearly Rs 36,000 crore debt till now and the recovery of the remaining Rs 25,000 crore is likely to spill over beyond March next year due to litigation and procedural complexities.
“Our immediate focus is to complete the interim distribution across pending companies, conclude monetisation of assets, list our InvIT and overcome dependencies to complete the resolution,” said Nand Kishore, managing director, IL&FS Group.
