IL&FS group firms initiate payout of ₹5,000 crore under interim distribution
IL&FS Group said its companies have initiated an interim distribution of ₹5,000 crore – including ₹3,500 crore of Infrastructure Investment Trust (InvIT) units and ₹1,500 crore in cash – to eligible creditors as part of the (scam hit) group’s ongoing resolution efforts. The interim distribution is largely being initiated by three holding companies namely Infrastructure…
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