IL&FS Engg & Const Company
26.38
-0.91(-3.33%)
Market Cap₹345.90 Cr
PE Ratio-210.38
IndustryConstruction
Company Performance:
1D-3.33%
1M-11.24%
6M-21.98%
1Y-38.72%
5Y+520.71%
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More news about IL&FS Engg & Const Company
24Apr 25
IL&FS Engineering Sees Potential Turnaround with Howen International Fund's ₹350 Crore Bid
IL&FS Engineering & Construction's committee of creditors has approved a ₹350 crore offer from Howen International Fund SPC for a 42.25% stake in the company. The bid, approved by 82% of creditors, could lead to a recovery of up to 80% of the company's ₹2,000 crore external debt. This development may significantly impact creditors, shareholders, and the broader infrastructure sector in India.
22Apr 25
IL&FS Engineering's Stake Sale: CoC Approves Revised Bid from Howen International Fund
The Committee of Creditors (CoC) of IL&FS Engineering has approved a revised financial bid from Howen International Fund SPC for acquiring a 42.25% stake in the company. The CoC, representing 82.58% in value, voted on the resolution. The stake is currently held by Infrastructure Leasing & Financial Services Limited and IL&FS Financial Services Limited. This approval is part of IL&FS Engineering's ongoing financial restructuring process, subject to various statutory and non-statutory approvals. The trading window for the company's securities has been closed since February 25, 2025, for designated persons and their immediate relatives.
25Mar 25
IL&FS Engineering Faces Scrutiny: Indian Overseas Bank Issues Show Cause Notice
IL&FS Engineering received a show cause notice from Indian Overseas Bank regarding the classification of its Rs 123.00 crore loan account as a suspicious fraud account. The notice, dated March 17, 2025, pertains to transactions from April 1, 2013, to September 30, 2018. The company states this is part of the ongoing IL&FS crisis resolution process under NCLAT supervision. Separately, Ms. Lubna Ahmad Usman was appointed as a Non-executive Nominee Director.
1 Year Returns:-38.72%
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