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IL&FS - its recent troubles and why investors should care

Updated : September 27, 2018 06:35 AM IST

IL&FS first shocked markets when it postponed a $350 million bonds issuance in March due to demand for a higher yield from investors.
According to a February presentation to analysts, the group is also the largest company in India constructing roads on a build-operate-transfer basis, with 26 operational and seven projects under construction.
IL&FS has revealed a series of delays and defaults on its debt obligations and inter-corporate deposits. On Friday, IL&FS said it was unable to service its obligation towards a letter of credit to IDBI Bank Ltd.
IL&FS - its recent troubles and why investors should care
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