Fi­nan­cial Ser­vices arm de­faults on bond, loans

Business Standard - - FRONT PAGE -

IL&FS Fi­nan­cial Ser­vices, the lend­ing arm of the IL&FS group, has missed on the re­pay­ment of loans and in­ter­est, and prin­ci­pal of deben­tures again. The de­fault amount is over ~2.42 bil­lion. Itwas un­able to pay up on loans worth ~0.71 bil­lion. This also in­cludes in­tere­ston deben­tures amount­ing to ~0.08 bil­lion, and in­ter­est and prin­ci­pal amoun­ton ~1.62 bil­lion.

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