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
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.
"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
"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 Group''s total debt stood at Rs 94,215.6 crore as on 8 October 2018.