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IL&FS Group begins distributing ₹5,000 crore to creditors, addressing its massive debt crisis.
The IL&FS Group, an Indian infrastructure company, has initiated an interim distribution of ₹5,000 crore to creditors, including ₹3,500 crore in Infrastructure Investment Trust (InvIT) units and ₹1,500 crore in cash.
This distribution, primarily executed by three holding companies, marks a significant step in resolving the group's debt crisis, totaling about ₹43,000 crore, or 70% of the targeted ₹61,000 crore.
The InvIT units, representing six road assets, will be allocated on February 17, 2025.
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IL&FS Group comienza a distribuir 5.000 crores a los acreedores, abordando su crisis de deuda masiva.