{"id":409870,"date":"2021-04-08T11:29:31","date_gmt":"2021-04-08T05:59:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409870"},"modified":"2021-04-08T11:29:31","modified_gmt":"2021-04-08T05:59:31","slug":"ilfs-sells-environment-business-to-pare-rs-1200-crore-of-debt-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-sells-environment-business-to-pare-rs-1200-crore-of-debt-2\/","title":{"rendered":"IL&amp;FS sells environment business; to pare Rs 1,200 crore of debt"},"content":{"rendered":"<p>Debt-laden Infrastructure Leasing and Financial Services (IL&amp;FS) on Wednesday said it has sold its entire stake in IL&amp;FS Environmental Infrastructure &amp; Services (IEISL) and its subsidiaries to EverEnviro Resource Management Private (EverEnviro). This sale will reduce IL&amp;FS\u2019s overall debt by Rs 1,200 crore, which is the combined debt of entities under the group\u2019s environment businesses, a release said.<\/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, which is a 100 per cent owned subsidiary of the Green Growth Equity Fund (GGEF), managed by EverSource Capital, the release said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debt-laden Infrastructure Leasing and Financial Services (IL&amp;FS) on Wednesday said it has sold its entire stake in IL&amp;FS Environmental Infrastructure &amp; Services (IEISL) and its subsidiaries to EverEnviro Resource Management Private (EverEnviro). This sale will reduce IL&amp;FS\u2019s overall debt by Rs 1,200 crore, which is the combined debt of entities under the group\u2019s environment businesses, a release said. 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, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-409870","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409870","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=409870"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409870\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}