In the news
18 Oct 2019

ORIX completes acquisition of 100% stake in 7 IL&FS assets

Orix corporation of Japan has completed the acquisition of additional 51% stake in seven IL&FS assets, thereby now owning 100 per cent in these assets, held by IL&FS Wind Energy Limited.

Press release
17 Oct 2019

IL&FS SUCCESSFULLY COMPLETES SALE OF WIND ASSET PORTFOLIO TO ORIX CORPORATION

FIRST SET OF COMPANIES SOLD BY THE NEW BOARD The IL&FS Group has completed the sale process of its 51% stake, held through IL&FS Wind Energy Limited (IWEL) in 7 operating wind power SPVs (with 874 MW of generation capacity) to ORIX Corporation of Japan (ORIX). With this development, ORIX, which previously owned 49% in each of the 7 SPVs now has 100% ownership.

In the news
16 Oct 2019

IL&FS waives confidentiality clause with CAM to expedite probe

IL&FS has waived a confidentiality clause that had prevented law firm Cyril Amarchand Mangaldas from sharing all details of its engagement with the previous management to facilitate a fairer and quicker probe which would fix responsibilities for what is emerging as India's biggest bankruptcy

In the news
9 Oct 2019

ILFS law firms get SFIO notice

The SFIO has asked India's top law firms and consultants to disclose all information they have on IL&FS. The Central agency under MCA has sought information for the past 10 years when the firm had advised and represented IL&FS for its subsidiaries and group companies. T

In the news
2 Oct 2019

We'll recover at least half the money - IL&FS (Business Standard)

The government appointed management committee of the IL&FS group says it expects at least half of the Group debt be resolved, recovered or restructured by March 2020

In the news
2 Oct 2019

50% debt recovery by March 2020: IL&FS (The Economic Times)

Uday Kotak-led board to address half Rs 97K crore debt through asset monetisation, restructuring and floating Invits

In the news
2 Oct 2019

Kotak says hopeful of 50% plus recovery at debt laden IL&FS

"We should be able to recover, restructure, resolve over 50% and cross the 50% mark based on our best judgement " said Mr Kotak, Chairman, IL&FS

Press release
1 Oct 2019

Press Conference - Presentation to Media by Board

The Board of Directors of IL&FS addressed the media on the completion of One year term.

In the news
20 Sep 2019

SFIO asks rating companies - CARE India Rating, Brickwork and ICRA - to share info on fees given by IL&FS

The SFIO and other regulators have asked four credit rating agencies - CARE ICRA India Ratings and Brickwork - for information on money they received from IL&FS and its subsidiaries as rating and non-rating fees to determine if there was any round tripping of funds or favor granted, said three people familiar with the development.

In the news
20 Sep 2019

IL&FS starts repaying Rs 5,071 crore to creditors

Debt laden IL&FS has started repaying the creditors of three group entities , with outstanding claims of Rs 5,071 crore, according to affidavit filed with appellate tribunal on Thursday

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