Go

Follow Us

IL&FS subsidiary defaults on dividend payment

NEW DELHI: IL&FS Transportation Networks, a group company of the troubled IL&FS group, today said it has defaulted on dividend payment of Rs 7.

New Delhi, January 7

IL&FS Transportation Networks, a group company of the troubled IL&FS group, today said it has defaulted on dividend payment of Rs 7.12 crore due on redemption of cumulative non-convertible redeemable preference shares.

The dividend of Rs 7.12 crore was due for the period between April 1, 2017 to December 23, 2018 and was not paid due to insufficient funds, the company said in a filing to the exchanges.

Infrastructure Leasing & Financial Services (IL&FS) and its subsidiaries have defaulted on many debt instruments in the past few months due to insufficient funds. — PTI

Show comments

Show comments

Top News

Lok Sabha elections 2024: Over 62 per cent voter turnout in Phase-1 amid sporadic violence

Chhattisgarh: CRPF jawan on poll duty killed in accidental explosion of grenade launcher shell

Lok Sabha elections: 0% voting in 6 Nagaland districts over separate territory demand

Lok Sabha elections 2024: What do voting percentage and other trends signify

India delivers 1st batch of BrahMos missiles to Philippines amid China’s military muscle-flexing in South China Sea

Don’t Miss

View All

Peony flower trials in Palampur cheer farm scientists

Amritsar: ‘Jallianwala Bagh toll 57 more than recorded’

GNDU team updates 1919 massacre toll to 434 after two-year study

Meet Gopi Thotakura, a pilot set to become 1st Indian to venture into space as tourist

Thotakura was selected as one of the six crew members for the mission, the flight date of which is yet to be announced

Sikhs celebrate 'Khalsa Sajna Divas' on New York Assembly premises

Diljit Dosanjh’s alleged wife slams social media for misuse of her identity amid speculations

He is yet to respond to the recent claims about his wife

In photos, Sikh man in Pakistan who was forced to leave Peshawar because of security reasons serves Iftar langar in Lahore

Sikhs form a 6.2 per cent of the total population in Pakistan

Apple warns of Pegasus-like attack on politicians, scribes triggered by missed call on WhatsApp

India cricketer Hardik Pandya duped of Rs 4.3 crore, stepbrother Vaibhav in police net for forgery

According to reports, Vaibhav is accused of diverting money from a partnership firm, leading to financial loss for Hardik and Krunal Pandya

View all stories in this section

Most Read In 24 Hours

1

2

3

4

5

6

7

8

9

10