IL&FS makes Rs 5,000 crore in interim payouts to creditors

IL&FS Group has started an interim distribution of Rs 5,000 crore, including Rs 3,500 crore in InvIT units and Rs 1,500 crore in cash for debt resolution. These units belong to Roadstar Infra Investment Trust, holding six major road assets. This interim payout will increase IL&FS’ total resolved debt to Rs 43,000 crore, crossing 70% of their overall resolution target. IL&FS Group has started an interim distribution of Rs 5,000 crore, including Rs 3,500 crore in InvIT units and Rs 1,500 crore in cash for debt resolution. These units belong to Roadstar Infra Investment Trust, holding six major road assets. This interim payout will increase IL&FS’ total resolved debt to Rs 43,000 crore, crossing 70% of their overall resolution target.  Economic Times