Payment to NCD Holders under 3rd Interim Distribution
IL&FSTRANS · price
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IL&FS Transportation Networks has made its third interim distribution payment to Non-Convertible Debenture holders on April 17, 2026. The payments cover 15 ISINs and are part of an ongoing debt resolution process overseen by NCLAT orders from 2020, 2022, and 2023. Third-party consultants including Alvarez & Marsal and Grant Thornton calculated the distributions. The payouts include both cash payments and unit allotments of face value Rs.100 each. Post third distribution, aggregate payments range from 7% to 37% of original claim values across different debenture series, with the admitted claim value of NCDs being reduced accordingly.
This is a positive development for NCD holders as the company continues its debt resolution process and returns value to creditors. The ongoing distributions indicate progress in IL&FS Transportation's resolution under NCLAT supervision.