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IL&FS group companies slump

Capital Market 

Shares of the IL&FS group companies were locked in lower circuit at 10:40 IST on BSE after its parent defaulted on debt obligations.

(IL&FS) said it was unable to service its obligations in respect of principal and interest with respect to inter corporate deposit of Rs 20,18,15,188 due 8 October 2018.

IL&FS Transportation Network was locked in 10% lower circuit at Rs 24.55.

IL&FS Engineering and Construction was locked in 10% lower circuit at Rs 20.43.

was locked in 5% lower circuit at Rs 9.32.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 09 2018. 10:39 IST