Monday, July 20, 2020

IL&FS says aims to resolve nearly 60% of debt despite Covid-19 delays resolution process

About 50% of the debt is expected to be resolved by March 2021, the indebted infrastructure lender's board said in a progress report, with 18% already addressed as of June end. The board had said in an update in October that it aimed to resolve 50% of the debt by March this year.

source https://economictimes.indiatimes.com/industry/banking/finance/ilfs-says-aims-to-resolve-nearly-60-of-debt-despite-covid-19-delays-resolution-process/articleshow/77064493.cms

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