Ilfs Securities-services

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Ilfs Securities-services - Total results - 5
72 luxury cars bought by debt-laden IL&FS to go under the hammer soon; asset sale continues amid rising defaults
Business

72 luxury cars bought by debt-laden IL&FS to go under the hammer soon; asset sale continues amid rising defaults

The Uday Kotak-led board appointed by the government at IL&FS Group will auction the fleet of the luxury cars for which the company will issue advertisements initiating the bidding process.

Cash-strapped IL&FS to sell controlling stake in green energy business; firm's board to issue EoIs soon
Business

Cash-strapped IL&FS to sell controlling stake in green energy business; firm's board to issue EoIs soon

The renewable assets of IL&FS include operating wind power plants with an aggregate capacity of 873.5-mw, and under-construction wind power plants worth 104 mw capacity.

IL&FS crisis: Cash-strapped company claims over dozen responses for stake sale in two arms
Business

IL&FS crisis: Cash-strapped company claims over dozen responses for stake sale in two arms

"More than a dozen expressions of interest (EOIs) towards acquiring IL&FS's stake in ISSL and ISTSL have been received, which the board is scrutinising for eligibility," the company said

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