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Infrastructure Leasing & Financial Services News

03 May 2019

NCLAT allows banks to declare defaulting ILFS accounts as NPAs

A bench headed by Chairman Justice S J Mukhopadhaya lifted the embargo on the banks to declare the accounts of the debt-ridden IL&FS and its 300 group entities, which are unable to pay their debt.

India's longest tunnel

18 Jan 2019

Construction work at India's longest tunnel stalled, Govt mulls fresh bidding

IL&FS was awarded the contract for building the strategic14.2 km-long Zojila tunnel to provide all-weather connectivity between Srinagar, Kargil and Leh.

IL&FS Stake sale

27 Nov 2018

Stake sale: IL&FS claims over dozen responses for 2 arms

On November 12, the company had initiated the process for divesting its stake in both the subsidiaries. The group has 348 subsidiaries, nearly half of which are overseas.

12 Nov 2018

Sebi may come out with stricter norms for liquid mutual funds

Besides, Sebi is looking to make it mandatory for liquid funds to mark to market the value of all bonds that have maturity of 30 days or more.

Infrastructure Leasing & Financial Services

26 Sep 2018

IL&FS will not be allowed to collapse, all options open: LIC chief

The Life Insurance Corporation (LIC) has the largest shareholding in IL&FS.

Infrastructure Leasing & Financial Services

22 Aug 2018

IL&FS gives presentation on Rights Issue of Rs 4,500 crore to investors

One of the shareholders, who is also one of the founding members of the IL&FS group, has informed that shareholders won't subscribe to the rights at a rate above Rs 500 per share.

Life Insurance Corporation of India

14 Aug 2018

Explained! Why LIC is bailing out debt-laden IL&FS

LIC was only seen rescuing debt-ridden public enterprise.

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