ILFS on track for 62% recovery, says Uday Kotak

The IL&FS board expects to resolve around Rs 57,000 crore of the Rs 99,000 crore total debt inherited by the directors by March 2022. Overall the Uday Kotak led board expects to complete resolution of Rs 61,000 crore or about 62% of the total debt inherited by the new board in October 2018.

from Markets-Economic Times https://ift.tt/3EED8hb