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IL&FS reports net loss of Rs 22,527 crore


The board also plans to create an infrastructure investment fund for its other road assets. Kotak had earlier said that the board aims to address about 50% of the group’s debt by March 2020.

The beleaguered IL&FS posted a net loss of Rs 22,527 crore in 2018-19 on a standalone basis, against a profit of Rs 333 crore in 2017-18. Total income from operations of the company, which was involved in core investment operations, fell 52.5% to Rs 823.67 crore. The company is no longer registered as a core investment company with the Reserve Bank of ...


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