Page 26 - Il&fs

Principal Mutual Fund caps flows in four schemes exposed to IL&FS

The four schemes had exposure to IL&FS Financial Services' papers at the end of August

IL&FS group companies stocks plunge up to 14% on rating cut by ICRA

Shares of Infrastructure Leasing & Financial Services (IL&FS) group companies tumbled up to 14 per cent Monday after rating agency ICRA downgraded loan and debentures of infrastructure financing firm IL&FS. IL&FS Transportation Networks slumped 13.79 per cent, IL&FS Investment Managers dived 10.99 per cent and IL&FS Engineering and Construction Company plunged 6.55 per cent on the BSE. The three stocks hit their respective 52-week lows in intra-day trade. Rating agency ICRA Sunday downgraded loan and debentures of infrastructure financing firm IL&FS to 'default risk' citing liquidity pressure on the group on the back of sizeable repayment obligations. The ratings of IL&FS, which has reportedly defaulted on payment, is kept under rating watch with developing implications. The long-term rating of IL&FS' Rs 5,225 crore non-convertible debenture programme and the Rs 350 crore term loans has been cut to 'BB' from 'AA+'.

More trouble for IL&FS as ICRA downgrades rating for its various units

The rating action follows the significant weakening of the financial risk profile of the parent company-IL&FS

IL&FS Group shares hit 52-week low;IL&FS Transportation Networks falls 15%

The rating agency ICRA on Sunday downgraded loans and debentures of infrastructure financing firm.

Icra downgrades ratings of IL&FS loans, debentures to 'junk' status

Ratings remain under watch with developing implications, ICRA said in a statement. Last month, ICRA had cut IL&FS' rating from "AAA" to "AA+" for loans and debentures

RBI to conduct special audit of IL&FS over loan defaults worth Rs 10 bn

IL&FS has been facing liquidity problems for some time now

IL&FS board decides to seek a loan of Rs 30 billion from LIC and SBI

The fundraising was necessitated after recent defaults by IL&FS group firms to various institutions

IL&FS emergency board meet today to take a call on fundraising, assets sale

Directors might reduce premium on rights issue, discuss repayment defaults by subsidiary

Curbs on IL&FS Financial's access to Commercial Paper till Feb 2019

Restriction follows company's failureto repay maturing CPs on due date

IL&FS defaults on Rs 10 billion short-term loan from SIDBI: Sources

This is probably the first time that a large financial institution has defaulted on a loan repayment, said banking sources.

Has IL&FS defaulted on Rs 10 billion short-term loan from SIDBI?

According to a moneylife report, SIDBI has also asked one of its senior officials to resign over the loan default

RBI asks IL&FS Financial to reduce loans to group firms by March 2019

The RBI asked IL&FS Financial Services, a 100 per cent subsidiary of IL&FS, to bring its exposure down within a year

IL&FS to partner with Jerry Rao's VBHC for affordable housing projects

As part of its affordable housing entry, IL&FS is looking to develop one million homes in the next five years time

Risk-reward ratio not favourable for markets: Vibhav Kapoor

Interview with Vibhav Kapoor, Group chief investment officer, IL&FS

IL&FS Rail gains speed with Gurgaon Metro; aggregators go unregulated: MD

The company now operates 11.7 kilometres built at a cost of about Rs 3,600 crore

IFC to invest in IL&FS Trust-controlled PI Ventures

The new fund seeks to raise $30-40 million in capital commitments

IL&FS Engineering to focus on debt reduction, group synergy

The EPC major now plans to focus more on captive orders, develop an international portfolio

IL&FS captive port project to be set up by Adani in Tamil Nadu

Sources said Adani will construct a captive port to handle coal for IL&FS power project in Tamil Nadu

IL&FS bags Rs 533 crore Nagpur Metro Rail contract

Project for construction of 7 elevated metro stations, three At-grade stations, is to be completed in 110 weeks from date of LoA

IL&FS, Sterlite Power seek Sebi nod for infra investment trusts

These infra trusts are instrument through which investors can take exposure to income-generating infrastructure assets