In the news
23 Oct 2019

DMRC takes over Rapid Metro

Resolving a long pending tussle, the DMRC has announced that it will take over the operations and maintenance of the 11.6 km corridor from today.

In the news
18 Oct 2019

ORIX completes acquisition of 100% stake in 7 IL&FS assets

Orix corporation of Japan has completed the acquisition of additional 51% stake in seven IL&FS assets, thereby now owning 100 per cent in these assets, held by IL&FS Wind Energy Limited.

Press release
17 Oct 2019

IL&FS SUCCESSFULLY COMPLETES SALE OF WIND ASSET PORTFOLIO TO ORIX CORPORATION

FIRST SET OF COMPANIES SOLD BY THE NEW BOARD The IL&FS Group has completed the sale process of its 51% stake, held through IL&FS Wind Energy Limited (IWEL) in 7 operating wind power SPVs (with 874 MW of generation capacity) to ORIX Corporation of Japan (ORIX). With this development, ORIX, which previously owned 49% in each of the 7 SPVs now has 100% ownership.

In the news
16 Oct 2019

IL&FS waives confidentiality clause with CAM to expedite probe

IL&FS has waived a confidentiality clause that had prevented law firm Cyril Amarchand Mangaldas from sharing all details of its engagement with the previous management to facilitate a fairer and quicker probe which would fix responsibilities for what is emerging as India's biggest bankruptcy

In the news
9 Oct 2019

ILFS law firms get SFIO notice

The SFIO has asked India's top law firms and consultants to disclose all information they have on IL&FS. The Central agency under MCA has sought information for the past 10 years when the firm had advised and represented IL&FS for its subsidiaries and group companies. T

In the news
2 Oct 2019

We'll recover at least half the money - IL&FS (Business Standard)

The government appointed management committee of the IL&FS group says it expects at least half of the Group debt be resolved, recovered or restructured by March 2020

In the news
2 Oct 2019

50% debt recovery by March 2020: IL&FS (The Economic Times)

Uday Kotak-led board to address half Rs 97K crore debt through asset monetisation, restructuring and floating Invits

In the news
2 Oct 2019

Kotak says hopeful of 50% plus recovery at debt laden IL&FS

"We should be able to recover, restructure, resolve over 50% and cross the 50% mark based on our best judgement " said Mr Kotak, Chairman, IL&FS

Press release
1 Oct 2019

Press Conference - Presentation to Media by Board

The Board of Directors of IL&FS addressed the media on the completion of One year term.

In the news
20 Sep 2019

SFIO asks rating companies - CARE India Rating, Brickwork and ICRA - to share info on fees given by IL&FS

The SFIO and other regulators have asked four credit rating agencies - CARE ICRA India Ratings and Brickwork - for information on money they received from IL&FS and its subsidiaries as rating and non-rating fees to determine if there was any round tripping of funds or favor granted, said three people familiar with the development.

Load more