IL&FS Group makes interim distribution payout of Rs 29,000 crore to secured creditors

The IL&FS Group has paid back Rs 29,000 crore to secured creditors, with an interim pay-out of Rs 920 crore for subsidiary Chenani Nashri Tunnelway, taking the total to Rs 6,019 crore in fiscal 2023. IL&FS has completed interim payouts for Rapid Metro Gurgaon Ltd, Rapid Metrorail Gurgaon South Ltd and IL&FS Financial Services for eligible financial creditors.

source https://economictimes.indiatimes.com/industry/banking/finance/ilfs-group-makes-interim-distribution-payout-of-rs-29000-crore-to-secured-creditors/articleshow/99189037.cms