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Infrastructure Leasing & Financial Services
Infrastructure Leasing & Financial Services News
NCLAT
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.
SEBI
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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