Business Standard

MFs have Rs 2,000-cr debt in IL&FS firms; NCLAT to hear case on March 12

Debt fund managers hopeful of priority repayment



Sachin P MampattaJash Kriplani Mumbai
Mutual funds (MFs) with exposure to the indebted Infrastructure Leasing & Financial Services (IL&FS) are grappling with how to deal with the situation.

According to the end-December portfolio details from sector analyst Morningstar India, MFs have lent to seven IL&FS firms. The total value of these holdings is Rs 2,036.1 crore. Most of it (Rs 1,894.8 crore) is in firms listed in the “amber” category, according to a Business Standard analysis.

Sixty-nine IL&FS group firms have been classified as red, green and amber based on their ability to service routine debt obligations. On February 11, the Centre and IL&FS’ new

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First Published: Feb 26 2019 | 8:42 PM IST

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