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Latest Articles in IL FS

IL&FS Floats EOI For Selling 100% Stake In Wind Farm Project

RREL owns a 6.5 MW wind farm project with 26 wind turbines having a capacity of 250 KW each at Ramagiri, district Anantapur, Andhra Pradesh.

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IL&FS Expects To Recover Rs 58,000 Cr By March 2022

Of the total 347 entities under IL&FS Group (as of October 2018), a total of 211 entities have been resolved as of May 31, 2021

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IL&FS Gets Rs 1,925 Cr From Haryana Govt In Gurgaon Metro Project Case

The two-phased Gurgaon Metro Project was developed through IL&FS subsidiaries and special purpose vehicles (SPVs) - Rapid Metro Rail Gurgaon Ltd (RMGL) and Rapid Metro Rail Gurgaon South Ltd (RMGSL)

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Ravi Parthasarathy Arrested By Chennai Police

The accused Parthasarathy is the former Chairman and Managing Director of the entire IL&FS Group.

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CARE Ratings Stock Dips By 8% After Chairman Mainak Resigns

SEBI nudged the rating agency after a forensic report said Mainak had asked his staff to not change the ratings of IL&FS, the bankrupt shadow banker.

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SEBI Fines Three Credit Rating Agencies For IL&FS Debt Rating

SEBI said the failure of rating agencies is blameworthy and serious, considering the degree of responsibility bestowed upon them by the statute.

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When Rahul Bajaj Broke Deafening Silence Of India Inc

The auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.

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IL&FS Appoints Retired IAS Official Bijay Kumar As Deputy MD

The debt-laden company also appointed N Srinivasan as a non-executive director

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IL&FS Gets More Than A Dozen Expressions Of Interest To Buy Stakes In Two Units

IL&FS, a major infrastructure financing and development company, earlier this month started work on plans to sell off assets, part of a wider restructuring of the group after it defaulted on some of its debt

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Jaitley Desperate To Cover Up Govt 'Thievery' In IL&FS Case: Cong

The Congress Monday hit back at Arun Jaitley for attacking its chief Rahul Gandhi over the IL&FS issue, alleging that the finance minister was desperate to "cover up government's thievery" in the case.

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Govt Supersedes IL&FS Board; Vows To Prevent Defaults, Improve Liquidity

The government Monday seized control of debt-trapped IL&FS, superseding its board with one led by India's richest banker Uday Kotak, and vowed to stop further loan defaults.

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Alvarez & Marshal To Chalk Out IL&FS Revival Strategy

Debt-laden Infrastructure Leasing & Finance Services (IL&FS) said Saturday it is working on a detailed restructuring plan and will appoint Alvarez & Marshal to formulate a turnaround strategy.

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Healthcare Startup LifCare Raises $11M Series B from SAIF Partners, Nexus Venture Partners and IL&FS

The funds will be used expand LifCare’s geographical presence and further invest in technology.

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Schneider Electric, IL&FS Get Naya Raipur Smart City Project

Schneider Electric India, in association with IL&FS Technologies, has signed a contract with Naya Raipur Development Authority for the development of the first green field integrated smart city of Naya Raipur

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IndusInd Bank To Acquire ISSL Unit

IndusInd will acquire 100 per cent stake in IL&FS Securities Services (ISSL), the bank said in a statement

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