Tue, Dec 18, 2018
IL&FS Group has been caught in massive cash crunch and hefty debt, and to overcome the situation they are offering their subsidiaries for sale. ISSL has turned out to be the first subsidiary offered by IL&FS for sale.
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Mon, Nov 26, 2018
The decline in Shriram also comes during a crucial time as the company is among major NBFCs and currently the sector is facing liquidity pressure due to IL&FS default crisis.
Sun, Nov 25, 2018
The infrastructure finance company, whose board was superseded by the government early last month after it defaulted on payment dues triggering liquidity concerns, had invited EoIs for two of its units last week in its attempt to turn around IL&FS.
Tue, Oct 16, 2018
The NCLAT order came in response Ministry of Corporate Affairs (MCA) petition after the NCLT refused to give a moratorium last week. The moratorium comes into effect immediately, and the next hearing of the case before the NCLAT is on November 13.
Thu, Oct 11, 2018
The government has so far maintained it to be a case of mismanagement and misrepresentation of facts. The Serious Fraud and Investigation Office, which is probing the firm and its group companies, is likely to give its report in a month.
Thu, Oct 04, 2018
With the new 52-week low, Central Bank of India has plunged by whopping 61% in a year.
Wed, Oct 03, 2018
Investors continue to buy IL&FS Investment Managers, IL&FS Engineering & Construction Company and IL&FS Transportation Network stocks even as beleaguered parent stumbles from one crisis after another.
Fri, Sep 28, 2018
LIC Mutual Fund has confirmed that it received all its interest payments and/or maturity proceeds from IL&FS group entities.
Tue, Sep 25, 2018
It has been revealed that, borrowing costs for NBFCs are expected to rise and they could face challenges in raising funds.
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