IL&FS gives presentation on Rights Issue of Rs 4,500 crore to investors: Sources
Debt-ridden firm, Infrastructure Leasing & Financial Services (IL&FS), a non-banking finance company (NBFC), is looking forward to come up with the rights issue of Rs 4,500 crore. For the purpose, the company has also given a presentation on the rights issue to its shareholders.
One of the shareholders, who is also one of the founding members of the IL&FS group, has informed that shareholders won't subscribe to the rights at a rate above Rs 500 per share. Image source: Official website