IL&FS slips in Q2 recovery target, maintains overall resolution at Rs 50,000 crore

The Board of Directors, in its second quarterly update on the asset resolution status, said it has addressed Rs 1,460 crore of additional debt in second quarter of this fiscal and will rollover the Rs 7,300 crore shortfall in target to subsequent quarters. The company is targeting debt resolution worth Rs 13,000 crore in the December quarter.

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