Shares of IL&FS group companies surged up to 10 per cent Tuesday as it announced its plan to sell equity stakes in its road assets to raise funds. IL&FS Investment Managers was trading 9.86 per cent higher at Rs 7.02
The National Stock Exchange (NSE) has imposed fines and issued notices to as many as 60 companies, including two IL&FS group firms, Videocon Industries and Unitech, for non-compliance with listing regulations.
After reviewing more than 165 entities within the IL&FS Group, the new Board of the debt-laden and cash-strapped IL&FS Group said it found close to 100 entities with operational cash gap till March 31, 2019.
The Parliamentary Standing Committee on Finance will take stock of the developments at crisis-hit IL&FS Group for three days from December 3, an official said on November 27.