India's IL&FS Engineering, Transportation gain on group's restructuring plan to pay liabilities

IL&FS Engineering and Construction

01/10/2018 06:02

** Shares of IL&FS Engineering and Construction Co  ILFE.NS 
surge as much as 16.9 pct, while those of IL&FS Transportation
Networks Ltd  ILFT.NS  rise 9.3 pct 
    ** Group co Infrastructure Financing and Leasing Services
Ltd (IL&FS) said on Saturday it will develop a "comprehensive"
restructuring plan to pay its liabilities  urn:newsml:reuters.com:*:nL4N1WF06Y
    ** A series of defaults at IL&FS, have roiled India's
financial markets over the past month and sparked fears of a
crisis in the non-banking financial services sector
    ** More than 417,000 ILFE shares traded, vs 30-day avg of
around 264,300
    ** ILFE stock down 75.7 pct this year as of last close,
while that of ILFT tanked 73.1 pct during the period

 ((arnab.paul@thomsonreuters.com@reuters.net))