IL&FS's headquarters in Mumbai sold to Brookfield for ₹1,080 crore
Premium- The Letter of Intent given to Brookfield & asset will be handed over later this year.
IL&FS' headquarters at Mumbai's BKC has been sold to Brookfield for ₹1080 crore. The Letter of Intent given to Brookfield & asset will be handed over later this year.
During a press conference, the company said its total debt was ₹99,355 crore across 347 entities when the new board took over in 2018. But it has managed to resolve ₹55,000 cr debt overall by 31 March, 2022.
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“Overall estimated debt that we target to resolve stands at 61,000 crore or 62% debt of 2018 debt."
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