{"id":409753,"date":"2021-04-08T08:15:23","date_gmt":"2021-04-08T02:45:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409753"},"modified":"2021-04-08T09:21:57","modified_gmt":"2021-04-08T03:51:57","slug":"ilfs-sells-environment-arm-to-eversource-pares-total-debt-by-rs-1200-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-sells-environment-arm-to-eversource-pares-total-debt-by-rs-1200-cr\/","title":{"rendered":"IL&amp;FS sells environment arm to Eversource; pares total debt by Rs 1,200 cr"},"content":{"rendered":"<p>IL&amp;FS has sold its stake in the environment business held by IL&amp;FS Environmental Infrastructure &amp; Services Limited (IEISL) and its subsidiaries to EverEnviro Resource Management Private Limited (EverEnviro), the fully-owned arm of the Green Growth Equity Fund (GGEF), India\u2019s leading climate fund, managed by EverSource Capital.<\/p>\n<p>IL&amp;FS, as the promoter shareholder of IEISL, held 97.54 per cent of equity shares of IEISL. The balance 2.46 per cent was held by IL&amp;FS Employee Welfare Trust. The entire shareholding in IEISL, held by IL&amp;FS group, has been transferred to EverEnviro. <\/p>\n<p>The sale will reduce IL&amp;FS overall debt by Rs 1,200 crore &#8211; which is the combined debt of entities under IL&amp;FS\u2019 environment businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IL&amp;FS has sold its stake in the environment business held by IL&amp;FS Environmental Infrastructure &amp; Services Limited (IEISL) and its subsidiaries to EverEnviro Resource Management Private Limited (EverEnviro), the fully-owned arm of the Green Growth Equity Fund (GGEF), India\u2019s leading climate fund, managed by EverSource Capital. IL&amp;FS, as the promoter shareholder of IEISL, held 97.54 per cent of equity shares of IEISL. The balance 2.46 per cent was held by IL&amp;FS Employee Welfare Trust. The entire shareholding in IEISL, held by IL&amp;FS group, has been transferred to EverEnviro. The sale will reduce IL&amp;FS overall debt by Rs 1,200 crore &#8211; [&hellip;]<\/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":[135,130,168],"tags":[],"class_list":["post-409753","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409753","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=409753"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409753\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}