IL&FS Financial Service defaults on payment obligations
IL&FS Financial Service (IFIN) has defaulted in payment obligations of bank loans (including interest), term and short-term deposits.
According to a BSE filing, the bank loan (including interest) obligations were worth Rs 284.5 crore.
As per the filing, the obligations on term deposit were Rs 103.53 crore and short-term deposit were worth Rs 52.43 crore.
The firm is a Non-Banking Finance Company (NBFC) which provides a range of financial and advisory solutions.
It specialises in infrastructure financing transactions, among other things.
--IANS
ravi-rv/nir
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First Published: Sep 28 2018 | 12:08 AM IST