December 18, 2018 / 4:51 AM / 4 months ago

BUZZ-India's IL&FS group cos gain on asset monetisation plan

** Shares of IL&FS Engineering and Construction Co Ltd , IL&FS Transportation Networks Ltd and IL&FS Investment Managers Ltd rise between 4.8 pct and 9.3 pct

** IL&FS group said on Monday it initiated steps for monetisation of its domestic roads vertical

** The beleaguered group, which is under severe cash crunch, has defaulted on multiple debt payments

** ILFS’ stock posts biggest intra-day pct gain since Oct. 3, while that of ILFT records biggest daily pct gain since Oct. 4

** More than 925,777 ILFT shares traded vs 30-day moving avg of 386,550 shares

** ILFT stock down 86.8 pct this year as of last close

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