Infrastructure Leasing And Financial Services Ltd

A series of defaults at lender Infrastructure Leasing and Financial Service Ltd last year raised concerns about the country's shadow banking industry

IL&FS Transportation Networks is a subsidiary of debt-laden Infrastructure Leasing and Financial Services Ltd (IL&FS), which the government took control of in October, citing the need to protect the country's financial system and markets from a potential collapse.

India's Life Insurance Corp Ltd, IL&FS' biggest shareholder with a more than 25% stake, had said that it would participate in the rights issue.

Nepal has abruptly cancelled all agreements with Indian construction firm ILFS to build a USD one billion expressway project, connecting the Nepalese capital with the southern Terai region near the Indian border.

The company proposes to raise the amount through issue of equity shares, global depository receipts, American depository receipts, foreign currency convertible bonds or a combination thereof including issuance of securities through a qualified institutions placement, among others.

Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to more than triple its power generation capacity in five years, a top executive said, betting on demand for renewable energy sources like wind and solar in Asia's third-largest economy.

A series of defaults at lender Infrastructure Leasing and Financial Service Ltd last year raised concerns about the country's shadow banking industry

IL&FS Transportation Networks is a subsidiary of debt-laden Infrastructure Leasing and Financial Services Ltd (IL&FS), which the government took control of in October, citing the need to protect the country's financial system and markets from a potential collapse.

India's Life Insurance Corp Ltd, IL&FS' biggest shareholder with a more than 25% stake, had said that it would participate in the rights issue.

Nepal has abruptly cancelled all agreements with Indian construction firm ILFS to build a USD one billion expressway project, connecting the Nepalese capital with the southern Terai region near the Indian border.

The company proposes to raise the amount through issue of equity shares, global depository receipts, American depository receipts, foreign currency convertible bonds or a combination thereof including issuance of securities through a qualified institutions placement, among others.

Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to more than triple its power generation capacity in five years, a top executive said, betting on demand for renewable energy sources like wind and solar in Asia's third-largest economy.