Ilfs Group

Showing of 21 - 40 from 49 results
Ilfs Group - Total results - 49
NCLAT allows 22 IL&FS group firms to service debt obligations
Business

NCLAT allows 22 IL&FS group firms to service debt obligations

The National Company Law Appellate Tribunal on Monday allowed 22 companies of crisis-hit IL&FS group to service their debt obligations

Icra downgrades six funds of HDFC, UTI, Birla AMC citing exposure to IL&FS group entities
Business

Icra downgrades six funds of HDFC, UTI, Birla AMC citing exposure to IL&FS group entities

Domestic rating agency Icra has placed the ratings of six mutual fund schemes under watch with negative implications due to their exposure to the crippled infra lender IL&FS group entities

IL&FS former directors approach National Company Law Tribunal, seek clarification on asset freeze
Business

IL&FS former directors approach National Company Law Tribunal, seek clarification on asset freeze

The lawyer of Rupa Kapoor, wife of former non-executive director of IL&FS, Vaibhav Kapoor, Wednesday asked the NCLT Mumbai bench on the validity of freezing her joint account,

Cash-strapped IL&FS gets over 30 expressions of interests for sale of its domestic roads vertical
Business

Cash-strapped IL&FS gets over 30 expressions of interests for sale of its domestic roads vertical

Debt-ridden Infrastructure Leasing & Financial Services (IL&FS) on Thursday said it has received more than 30 expressions of interest (EOI) for acquiring its stakes in its 22 assets across its domestic road vertical as a part of its asset monetisation plan

IL&FS Transportation Networks defaults on dividend payment of Rs 7.12 cr
Business

IL&FS Transportation Networks defaults on dividend payment of Rs 7.12 cr

The dividend of Rs 7.12 crore was due for the period between 1 April, 2017 to 23 December, 2018 and was not paid due to insufficient funds, the IL&FS Transportation Networks said

In a first, NCLT allows  corporate affairs ministry to reopen IL&FS books to ascertain financial mismanagement
Business

In a first, NCLT allows corporate affairs ministry to reopen IL&FS books to ascertain financial mismanagement

The government wants to check the balance-sheets of the crippled group and its two listed subsidiaries--ITNL and IL&FS Financial Services for the past five years

IL&FS group cos' shares climb up to 10% on divestment initiative to raise funds
Business

IL&FS group cos' shares climb up to 10% on divestment initiative to raise funds

IL&FS Investment Managers was trading 9.86 percent higher at Rs 7.02 at 1230 hours on BSE, IL&FS Transportation Networks Ltd (ITNL) rose 5 percent to Rs 11.55 and IL&FS Engineering and Construction advanced as much as 4.98 percent to Rs 14.13.

Cash-strapped IL&FS group selling luxury cars, office furniture to raise funds
Business

Cash-strapped IL&FS group selling luxury cars, office furniture to raise funds

Debt-laden IL&FS group firms are selling high-end cars, office furniture, electrical appliances and other assets in a bid to raise funds.

IL&FS Transportation appoints Shaivali Parekh as CFO; co delays filing of Sept quarter financial results
Business

IL&FS Transportation appoints Shaivali Parekh as CFO; co delays filing of Sept quarter financial results

IL&FS Transportation Networks had last month cited NCLT insolvency proceeding as the reason for delay in filing September quarter financial results with the stock exchanges.

Uday Kotak-led IL&FS board to axe 65% workforce across the group to reduce wage bill
Business

Uday Kotak-led IL&FS board to axe 65% workforce across the group to reduce wage bill

IL&FS said that the new board has taken various initiatives towards rationalising manpower with a view to reduce costs associated therewith

IL&FS crisis: Group-level resolution for Rs 91,000 cr debt unlikely, Uday Kotak-led board tells NCLT
Business

IL&FS crisis: Group-level resolution for Rs 91,000 cr debt unlikely, Uday Kotak-led board tells NCLT

"Based on an outreach conducted by the FTA, the initial assessment seems to indicate that currently, the group-level resolution option is unlikely to materialise," the IL&FS board said in its second report on progress and way forward submitted to the NCLT.

IL&FS appoints former L&T executive N Sivaraman as group chief operating officer
Business

IL&FS appoints former L&T executive N Sivaraman as group chief operating officer

N Sivaraman will be responsible for day-to-day operations and provide hands-on leadership and oversight to the groups' asset monetisation efforts, IL&FS said

Parliamentary panel to take stock of debt-ridden IL&FS Group for three days from 3 December
Business

Parliamentary panel to take stock of debt-ridden IL&FS Group for three days from 3 December

The Parliamentary Standing Committee on Finance will take stock of the developments at crisis-hit IL&FS Group for three days from 3 December

IL&FS Transportation Networks delays Q2 results citing group co's NCLT proceedings
Business

IL&FS Transportation Networks delays Q2 results citing group co's NCLT proceedings

"The newly appointed board of IL&FS is in the process of preparation of roadmap and its subsequent submission to NCLT, which will require IL&FS Transportation Networks Ltd (ITNL) to undertake divestment, restructuring and/or consolidation of its assets...which will have an impact on the accounting and financial aspects of ITNL," the company said in a BSE filing.

IndusInd Bank calls off deal to acquire IL&FS Securities Services due to non-fulfilment of conditions
Business

IndusInd Bank calls off deal to acquire IL&FS Securities Services due to non-fulfilment of conditions

"The share purchase agreement (SPA) stands terminated as all the conditions precedent were not satisfied within the stipulated time period," IndusInd Bank said

IL&FS crisis: Multiple options explored, selling the firm as going concern best-case scenario, says Injeti Srinivas
Business

IL&FS crisis: Multiple options explored, selling the firm as going concern best-case scenario, says Injeti Srinivas

The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office.

IL&FS Financial Services' exposure to group cos breaches RBI norms in FY16-18: Newly appointed Uday Kotak-led board
Business

IL&FS Financial Services' exposure to group cos breaches RBI norms in FY16-18: Newly appointed Uday Kotak-led board

IL&FS Financial Services is a 100 percent subsidiary of the debt-ridden IL&FS Group, which according to the board has over Rs 94,000 crore debt of which Rs 53,000 crore from banks.

Kirloskar group gets RBI nod for NBFC business; company to invest Rs 1,000 crore, will focus on SMEs initially
Business

Kirloskar group gets RBI nod for NBFC business; company to invest Rs 1,000 crore, will focus on SMEs initially

Atul Kirloskar, chairman of Kirloskar group, said, "We are enthused by the RBI green signal and excited to start the business, which will reflect what we have been traditionally - conservative but solid - and ready to grow."