Media release
30 Sep 2024
IL&FS appoints Mr. Nand Kishore as CMD after Mr. C.S. Rajan's term as IL&FS chairman ends.
After six years of playing an invaluable role in providing leadership and stability, while resolving one of corporate India's biggest financial crisis, the term of Mr. C S Rajan, Chairman, IL&FS, has come to an end on September 30, 2024, Mr. Rajan will be succeeded by Mr. Nand Kishore, currently MD of IL&FS, as the new Chairman and Managing Director of IL&FS from October 1, 2024 – as approved by MCA, Government of India, and taken on record by the new IL&FS Board. “I am immensely grateful to the MCA, Government of India, for reposing trust in the Board, in guiding the Intricate resolution process and in extending support whenever and whatever necessaryâ€, said Mr. C S Rajan, Chairman, IL&FS.
Media release
3 Oct 2023
IL&FS GROUP DISCHARGES AGGREGATE DEBT OF RS 35,650 CRORE ACROSS GROUP COMPANIES
IL&FS Group has discharged an aggregate debt of approx. Rs 35,650 crore by way of monetization of assets, auto debits by banks and debt repayment (including interim distribution) across entities as of September 30, 2023.
The Group has also completed an aggregate payment of approx. Rs 10,000 crore by way of interim distribution across 14 companies - including 2 vertical holding companies (ITNL and IFIN) and the Group holding company (IL&FS Limited).
Media release
31 Mar 2023
IL&FS COMPLETES INTERIM DISTRIBUTION PAYOUT OF RS 920 CRORE IN CNTL
IL&FS Group has completed an Interim Distribution pay-out of Rs 920 crore in Chenani Nashri Tunnelway Limited (CNTL), a subsidiary of IL&FS Transportation Network Limited (ITNL), an IL&FS Group company.
As part of this Interim Distribution, IL&FS Group has paid a total of Rs 920 crore to eligible senior secured creditors of CNTL.
The interim distribution has been made ahead of the proposed debt restructuring of CNTL and will be followed by the contemplated transfer of the company to the InvIT - subject to the outcome of pending legal proceedings and requisite approvals.