| Subscribe To Our Free Newsletter |
IL&FS pays Rs 2,150 cr to creditors of Tamil Nadu power arm
IL&FS Group has repaid ₹2,150 crore to senior secured lenders of IL&FS Tamil Nadu Power Company (ITPCL). This repayment is part of a debt restructuring plan approved by 88% of lenders and has reduced ITPCL's outstanding principal by over ₹1,900 crore. The company is also in the process of obtaining approvals for the disbursement of an additional ₹300 crore.
