Payment of Interest
IL&FS; Transportation Networks Ltd has informed BSE regarding "Payment of Interest".28-09-2018
28-09-2018
Response On News Item Appearing In The Economic Times Dated September 27, 2018
Please find attached our replies in response to your email of date in relation to the news item appearing in The Economic Times dated September 27, 2018, titled 'Italy''s Atlantia in talks to buy IL&FS; Road assets for $1.2 billion' ('News Item').27-09-2018
Clarification sought from IL&FS; Transportation Networks Ltd
The Exchange has sought clarification from IL&FS; Transportation Networks Ltd with respect to news article appearing on economictimes.indiatimes.com - September 27, 2018 titled "Italy's Atlantia in talks to buy IL&FS; Road assets for $1.2 billion". The reply is awaited.27-09-2018
Clarification
Further to our intimation dated September 20, 2018, please note that Aditya Birla Finance Limited had filed an application for interim injunction under Section 9 of the Arbitration and Conciliation Act, 1996 in connection with its outstanding against 2 subsidiaries, namely (i) Chenani Nashri Tunnelway Limited and (ii) Pune Solapur Road Development Company Limited of ? 55 Crore and ? 100 Crore respectively plus interest due thereon26-09-2018
Announcement under Regulation 30 (LODR)-Credit Rating
We give the details of revised ratings assigned to the Non-convertible debenture of the Company by Brickworks Ratings Limited25-09-2018
Clarification On News Item In DNA And Economic Times
We refer to your communication seeking clarification/confirmation on news appearing in newspapers - DNA and Economic Times dated September 25, 2018 captioned "IL&FS; services unit defaults on CPs" We wish to bring to your notice that the news item pertains to IL&FS; Financial Services Limited and not to the Company, hence we are unable to comment on the same25-09-2018
Clarification sought from IL&FS; Transportation Networks Ltd
The Exchange has sought clarification from IL&FS; Transportation Networks Ltd on September 25, 2018, with reference to news appeared in economictimes.indiatimes.com dated September 24, 2018 quoting "IL&FS; Financial Services defaults on commercial papers."The reply is awaited.25-09-2018
An Application Has Been Filed Under Section 230 Of The Companies Act, 2013 By Infrastructure Leasing & Financial Services Limited
We hereby inform that Infrastructure Leasing & Finance Services Limited (IL&FS;), the promoter and majority shareholder of the Company has filed an application with the National Company Law Tribunal, Mumbai Bench on 24 September 2018 seeking certain reliefs in connection with filing of a scheme of arrangement under Section 230 of the Companies Act, 2013 in respect of IL&FS;, the Company and certain subsidiaries /joint ventures/ associates of the Company...24-09-2018
Is contagion in markets a risk from the failing IL&FS?
With IL&FS;(in 11 stock screeners, including the low durability screener) not being able to manage its debts, housing finance and infrastructure finance companies are all at once in the spotlight. Even as institutions tried to reassure investors, markets have fallen. “The Reserve Bank of India and the Securities and Exchange Board of India are closely monitoring recent developments in financial markets and are ready to take appropriate actions, if necessary,” said statements released by both RBI and SEBI simultaneously. Analysts like Andy Mukherjee from Bloomberg have already raised the question of a possible bailout of IL&FS.; The company has over $12.5 billion in debt tied up in the financing of roads, townships and water-treatment plants. The worry spread quickly among investors that other listed companies in this space are also affected, and this led to widespread sell-off in Dewan Housing Finance and other firms in the housing finance space. While companies have rushed to assure investors that their balance sheets are healthy and they have no exposure to IL&FS; (as the DHFL CEO did early today morning), investors may be dumping mutual funds with IL&FS; exposure, and the market is reacting by moving sharply downward. It remains to be seen if regulators and the government plan to act.24-09-2018
Clarification On News Item In Business Standard
We refer to your communication seeking clarification/confirmation on news appearing in "www.business-standard.com" dated September 24, 2018 captioned "Japan''s Orix Corp keen to acquire a majority stake in crisis-hit IL&FS;" We wish to bring to your notice that the said news item pertains to Infrastructure Leasing & Financial Services Limited and not to the Company, hence we are unable to comment on the same24-09-2018