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IL&FS Board expects to recover 50% of overall debt

Dec 31, 2019 18:56 IST

Chairman of the restructured IL&FS board, Uday Kotak, on Tuesday said that the board expects to recover 50% of the overall outstanding debt in its books as on September 30, 2018. The crisis-ridden group has total outstanding debt of over Rs 90,000 crore. He said the board is committed to completing the resolution process at the earliest and is working towards addressing 'significant' portion of addressable debt by July 2020.

IL&FS Board expects to recover 50% of overall debt

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