Brief: India's Govt On IL&FS: Stands Fully Committed To Ensure That Needed Liquidity Is Arranged For Co

IL&FS Engineering and Construction

01/10/2018 12:34

Oct 1 (Reuters) - IL&FS Financial Services Ltd  ILFSLI.UL :
    * INDIA'S GOVERNMENT ON IL&FS: STANDS FULLY COMMITTED TO
ENSURE
THAT NEEDED LIQUIDITY IS ARRANGED FOR THE IL&FS FROM FINANCIAL
SYSTEM, NO MORE DEFAULTS TAKE PLACE
    * INDIA'S GOVERNMENT ON IL&FS: AN EMERGENT NEED TO
IMMEDIATELY
STOP FURTHER FINANCIAL DEFAULTS, TAKE MEASURES TO RESOLVE
DEFAULTED DUES TO CLAIMANTS
    * INDIA'S GOVERNMENT ON IL&FS: THERE HAVE ALSO BEEN SERIOUS
COMPLAINTS ON SOME OF THE COS FOR WHICH AN SFIO INVESTIGATION
HAS BEEN ORDERED INTO AFFAIRS OF IL&FS AND ITS SUBSIDIARIES
    * INDIA'S GOVERNMENT ON IL&FS: THERE APPEARS TO BE
SIGNIFICANT
LIQUIDITY GAP IN IL&FS AS ESTIMATED LIABILITIES MIGHT NOT HAVE
ANY CORRESPONDING REVENUES , CAPITAL FLOWS
    * INDIA'S GOVERNMENT ON IL&FS: REPLACEMENT OF THE EXISTING
MANAGEMENT BY NEW MANAGEMENT APPEARED TO BE MOST NECESSARY AND
IMMEDIATELY REQUIRED TO BE DONE FOR RESTORING CONFIDENCE
    * INDIA'S GOVERNMENT ON IL&FS: IT IS HOPED THAT FINANCIAL
INSTITUTIONS WOULD BE SUPPORTIVE FOR PROVIDING URGENT LIQUIDITY

Further company coverage:  ILFSLI.UL 

 (Reporting By Mumbai Desk)
 ((swati.bhat@thomsonreuters.com;))