Infosys, State Bank of India and GIC Re feature in the list of companies whose employees face potential hits to their retirement savings, with pension funds at these entities investing in various debt papers of the troubled infrastructure financier IL&FS.
State-owned National Highways & Infrastructure Development Corporation Limited (NHIDCL) has terminated the contract awarded to troubled IL&FS group for building the strategic Zojila tunnel to provide all-weather connectivity
Third Time’s A Charm? After IL&FS Surrenders Contract, Government To Again Issue Tender For Zojila Tunnel
After the financially-stressed Infrastructure Leasing & Financial Services (IL&FS) took leave of the contract to build the crucial Zojila tunnel project in Jammu and Kashmir, the Union government is working to reissue the tender, reports Business Standard.
Former directors of debt-laden Infrastructure Leasing and Financial Services Ltd (IL&FS) have approached the National Company Law Tribunal (NCLT) to seek clarity over allowing them to operate their bank accounts.
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are among the 15 large funds in the race for buying over 1,000-megawatt renewable energy assets of Infrastructure Leasing & Financial Services Ltd (IL&FS).
The National Company Law Appellate Tribunal (NCLAT) on Friday suggested that all further proceedings for transfer of assets of crisis-hit Infrastructure Leasing and Financial Services Ltd (IL&FS) should take place under the supervision of a retired Supreme Court judge.
Private sector lender Bandhan Bank reported a lower-than-expected 10.3% growth in net profit to ₹331.26 crore for the quarter ended December as it classified loans given to troubled infrastructure developer IL&FS Group as non-performing.
Tata Power, Torrent, JSW Energy, Greenko, Sterlite Power and Statcraft are among the 15-plus applicants who have submitted their expressions of interest (EoIs) for IL&FS group’s renewable energy assets worth Rs 8,000 crore — the second largest vertical after roads.
Macquarie Infrastructure & Real Assets and NTPC, India’s largest power utility, are among companies interested in buying some of the renewable energy assets of beleaguered shadow financier Infrastructure Leasing & Financial Services people familiar with the matter said.
IL&FS, a financially stressed non-banking financial company (NBFC), has invited bids to sell its real estate assets to raise funds and trim its massive debt, reports The Tribune.