Infrastructure Leasing and Financial Services (IL&FS) Group expects to resolve over Rs 57,000 crore of its debt, which is more than 50 per cent of its overall debt of Rs 99,000 crore.<\/p>\n
Of this, the group estimates to address around Rs 50,500 crore of its debt by March 2021 and an additional debt of Rs 6,600 crore beyond this fiscal.<\/p>\n
The Centre had appointed a new board in IL&FS in 2018, led by veteran banker Uday Kotak.<\/p>\n
Speaking to the press on Monday through a video conference, Kotak, who is the group\u2019s non-executive chairman, said, \u201cWe are putting out transparently things that we see today and our reasonable estimate of how things look as we go forward. We are committed to this road map and we will go all out as IL&FS board and management to make it happen.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Infrastructure Leasing and Financial Services (IL&FS) Group expects to resolve over Rs 57,000 crore of its debt, which is more than 50 per cent of its overall debt of Rs 99,000 crore. Of this, the group estimates to address around Rs 50,500 crore of its debt by March 2021 and an additional debt of Rs 6,600 crore beyond this fiscal. The Centre had appointed a new board in IL&FS in 2018, led by veteran banker Uday Kotak. Speaking to the press on Monday through a video conference, Kotak, who is the group\u2019s non-executive chairman, said, \u201cWe are putting out transparently […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,218,148],"tags":[],"class_list":["post-363977","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=363977"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363977\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}