IL&FS completes interim distribution payout of Rs 1,273cr for RMGSL (Ld)

New Delhi, Jan 9 (IANS) IL&FS has completed Interim Distribution pay-out for Rapid MetroRail Gurgaon South Limited (RMGSL), an IL&FS Group company.The Group has paid a total of Rs 1,273 crore, of which Rs 1,252 crore has been paid to the secured financial creditors, for RMGSL.The total claims of secured financial creditors -- including Canara Bank, Union Bank, Central Bank, Punjab & Sind Bank and India International Finance Company Limited (UK) -- in RMGSL was Rs 1,546 crore.This distribution, thus, translates in a recovery of around 81 per cent to these secured financial creditors.The four PSU banks have got over 75 per cent of the said RMGSL distribution payout.IL&FS Board had approved this pay out in its board meeting held last month.
--IANS san/pgh

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