Tuesday 17th September 2019,
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IL&FS

IL&FS likely to sell its headquarters, non-core real estate assets to reduce debt, says report

IL&FS likely to sell its headquarters, non-core real estate assets to reduce debt, says report

Crisis-ridden Infrastructure Leasing and Financial Services (IL&FS) is planning to sell its Mumbai headquarters, along with other non-core real estate assets, in order to raise up to Rs 6,000 crore to reduce debt, reported The Economic Times. The move comes as the firm tries to reduce close to Rs 94,000 crore debt and improve cash position, [...]

June 2, 2019 Loknath Das Real Estate Comments Off on IL&FS likely to sell its headquarters, non-core real estate assets to reduce debt, says report

IndusInd Bank calls off IL&FS Securities deal

IndusInd Bank calls off IL&FS Securities deal

IndusInd BankNSE 1.17 % on Tuesday said it has terminated an agreement with IL&FS to buy 100 per cent stake in IL&FS Securities Services (ISSL). In a filing to the BSE, the bank said the definitive share purchase agreement (SPA) — the deal which was already approved by the banking regulator RBI — stands terminated [...]

November 14, 2018 Loknath Das Uncategorized Comments Off on IndusInd Bank calls off IL&FS Securities deal