IL&FS Group makes interim distribution payout of Rs 29,000 crore to secured creditors

The IL&FS Group has paid back Rs 29,000 crore to secured creditors, with an interim pay-out of Rs 920 crore for subsidiary Chenani Nashri Tunnelway, taking the total to Rs 6,019 crore in fiscal 2023. IL&FS has completed interim payouts for Rapid Metro Gurgaon Ltd, Rapid Metrorail Gurgaon South Ltd and IL&FS Financial Services for eligible financial creditors.

from Banking/Finance-Industry-Economic Times https://ift.tt/JtI7Cuo