
IL&FS Group to repay creditors Rs 5,000 crore in InvIT, cash
MUMBAI: IL&FS Group has announced a Rs 5,000 crore payout to creditors of the bankrupt infrastructure conglomerate as part of its ongoing debt resolution efforts. The distribution consists of Rs 3,500 crore in Infrastructure Investment Trust (InvIT) units and Rs 1,500 crore in cash, primarily targeting large creditors and public funds. This payout is being…