Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  IL&FS says unable to meet interest payment obligation
BackBack

IL&FS says unable to meet interest payment obligation

IL&FS and some of its group entities in the past few months have defaulted on debt repayments, triggering concerns over liquidity in the financial system
  • The group’s total debt stood at over ₹94,000 crore as of 8 October, 2018
  • Infrastructure Leasing & Financial Services in November 2018 had defaulted on principal and interest payments of deposits.Premium
    Infrastructure Leasing & Financial Services in November 2018 had defaulted on principal and interest payments of deposits.

    New Delhi: Infrastructure Leasing & Financial Services Ltd (IL&FS) Thursday said it would be unable to service its obligation in respect of interest of non-convertible debenture due on January 19.

    “The company would be unable to service its obligation in respect of the interest of non-convertible debenture due on January 19," the company said in a BSE filing.


    Infrastructure Leasing & Financial Services (IL&FS) and some its group entities in the past few months have defaulted debt repayments, triggering concerns over liquidity in the financial system. Infrastructure Leasing & Financial Services in November 2018 had also defaulted on principal and interest payments of deposits. The group’s total debt stood at over 94,000 crore as of 8 October, 2018.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 18 Jan 2019, 12:57 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App

    Chat with MintGenie