01-09-2023 04:23 PM | Source: IANS
IL&FS completes in term distribution payout of Rs 1,273 cr for RMGSL
IL&FS has completed Interim Distribution pay-out for Rapid MetroRail Gurgaon South Limited (RMGSL), an IL&FS Group company.
The Group has paid a total of Rs 1,273 crore, of which Rs 1,252 crore has been paid to the secured financial creditors, for RMGSL.
The total claims of secured financial creditors - including Canara Bank, Union Bank, Central Bank, Punjab & Sind Bank and India International Finance Company Limited (UK) - in RMGSL was Rs 1,546 crore.
This distribution, thus, translates in a recovery of around 81 per cent to these secured financial creditors.
The four PSU banks have got over 75 per cent of the said RMGSL distribution payout.
IL&FS Board had approved this pay out in its board meeting held last month.
Latest News
American Express to open its largest office built fr...
Quote on GST April collection numbers by Gunjan Prab...
Views on Bajaj Finserv Q4 FY24 Results by Shreyansh ...
Adani Wilmar clocks 67 per cent surge in PAT for FY2...
CPI(M) leader Brinda Karat greets workers on May Day
It`s really cool Sania Mirza as Women`s Premier Leag...
Newlyweds Arti Singh, Dipak Chauhan give major coupl...
Odisha: Badminton Player Saina Nehwal visits Puri Ja...
Hyundai`s India unit, Tata Motors post higher April ...
Ola Electric captures over 52 pc market share in EV ...