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Posted on: Sept. 17, 2018, 6:01 p.m.
Domestic rating agency Icra Monday junked the short-term and long-term borrowing programmes worth over Rs 12,000 crore by the already crippled IL&FS group and one of its arm, and removed the entire group entities from its rating watch with developing implications. The infrastructure development and finance group has been facing liquidity issues for some time and has defaulted on a Rs 1,000 crore debt from Sidbi earlier this month. Full investment news articleRelevent to this post: Nomura ,