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IL&FS Transportation defaults yet again

Updated : November 23, 2018 06:57 AM IST

Earlier this month, it had defaulted on payment of interest worth Rs 2.29 crore on NCDs payable on November 2. It had also defaulted on interest payment of a similar amount on a different NCD, which was due on November 1.
So far the crippled IL&FS group has defaulted on many debt instruments worth over Rs 4400 crore, due to insufficient funds.
IL&FS Transportation defaults yet again
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