Content creators mean business
Social media influencers are flipping the rules by first getting followers and then launching products and ...
IL&FS Solar Power Limited (ISPL), a group company of IL&FS, has paid up its entire debt of ₹845 crore.
This debt has been repaid to all its creditors which include financial and operational debt, tax and statutory dues, IL&FS said.
ISPL had taken up construction and financing of a 100 MW AC solar power project in Bellary for Embassy Energy Private Limited (EEPL). The project was commissioned in 2018 and ISPL had raised secured and unsecured loans for the same. EEPL, as the project owner, was servicing ISPL through an equated monthly instalment (EMI) structure under a deferred payment agreement (DPA).
As per the DPA, EEPL has pre-paid the financial assistance provided by ISPL towards this project. The prepayment by EEPL has enabled ISPL to pay back the debt. ISPL will continue to provide certain services to EEPL in this project till the final resolution in accordance with the Resolution Framework is approved by NCLAT. This payment by ISPL supports the overall resolution process for the IL&FS Group and will be a key intermediate step in the resolution of ISPL, an entity for which no bids were received pursuant to the publicly solicited bid process launched in November 2018.
Also read: PFS clears resolution plan of IL&FS Tamil Nadu Power Co
In its last progress report, IL&FS said that it has resolved ₹19,100 crore of the group’s debt. It has around ₹99,000 crore in total debt. IL&FS is in the process of selling off assets and repaying debt despite some hiccups caused by the pandemic, which has delayed resolution.
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Paneer, once alien to the South, has found a lucrative market in Chennai
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Carriers claim that all measures — including pre-flight tests, cabin sanitisation and fresh air inflow — have ...
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
A virus swept aside 2020 plans to mark the 250th year of the birth of Beethoven. We need the German composer’s ...
On the day the oleander baby was born, there was a steady, happy drizzle. Madhu woke up feeling unsteady. The ...
Mr Pandya rose from his recently inherited Japanese swivel chair and walked to observe his recently inherited ...
Marie leaned back in the chair, holding the brandy to her chest, the rain tapping on the windowpanes. She ...
Social media influencers are flipping the rules by first getting followers and then launching products and ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...