{"id":91338,"date":"2018-09-25T18:31:48","date_gmt":"2018-09-25T18:31:48","guid":{"rendered":"http:\/\/www.bnreport.com\/ilfs-group-stocks-back-in-the-green-jump-up-to-12\/"},"modified":"2018-09-25T18:31:48","modified_gmt":"2018-09-25T18:31:48","slug":"ilfs-group-stocks-back-in-the-green-jump-up-to-12","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/ilfs-group-stocks-back-in-the-green-jump-up-to-12\/","title":{"rendered":"IL&FS group stocks back in the green, jump up to 12%"},"content":{"rendered":"

NEW DELHI: Shares of IL&FS group of companies got a fresh lease of life on Tuesday after LIC<\/a> said that it won't let IL&FS collapse. <\/p>\n

Shares of IL&FS Engineering and Construction Company jumped 12.02 per cent, while IL&FS Transportation Networks clocked a gain of 5.74 per cent on BSE. Shares of IL&FS Investment Managers (down 0.13 per cent) settled almost flat. <\/p>\n

LIC, which holds over 25 per cent stake in IL&FS said that all options were open and assured that it would take all possible steps to avoid contagion spreading to the market. <\/p>\n

ET Now reported LIC chairman VK Sharma<\/a> as saying that they will ensure that IL&FS does not collapse. He did not rule out raising stake in ailing IL&FS. <\/p>\n

For the third time in a month, IL&FS Financial Services on Monday defaulted on interest payments on commercial papers, a report by PTI said. <\/p>\n

Earlier on Monday, media reports emerged that genuine dues owed by state-owned bodies such as NHAI will be paid to the embattled IL&FS and large shareholders of the financial firm, including LIC, may also be part of the settlement process. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

[contfnewc]
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