The crisis-hit Infrastructure Leasing and Finance Limited (IL&FS) group has addressed a debt of about Rs43,000 crore and is confident of addressing an additional debt of Rs14,400 crore, taking its total debt recovery to Rs58,000 crore by March next year.
In a presentation, IL&FS says, “Significant portion worth Rs50,000 crore of estimated recovery would be addressed by September 2021. We expect to address a debt of about 95% or Rs58,000 crore out of the estimated recovery of Rs61,000 crore by March 2022. Since there is a high number of residual entities with low recovery potential, it would remain beyond March 2022. The incremental recovery value in these 89 small entities is worth Rs3,000 crore and will take some more time and we are …
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