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IL&FS to sell domestic road assets held by ITNL

IL&FS has initiated the process of divesting its stake in the road businesses as individual assets or as a portfolio of assets, it said in a statement.

December 17, 2018 / 07:36 PM IST
IL&FS Transportation Networks | The company defaulted on the interest on non-convertible debentures due on August 25, 2020. (Image: Reuters)

IL&FS Transportation Networks | The company defaulted on the interest on non-convertible debentures due on August 25, 2020. (Image: Reuters)

 
 
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India's Infrastructure Leasing and Financial Services Ltd (IL&FS) said on Monday it had begun the sale of its domestic road assets within its IL&FS Transportation Networks Ltd subsidiary.

IL&FS has initiated the process of divesting its stake in the road businesses as individual assets or as a portfolio of assets, it said in a statement.

The sale comprises of seven operating road projects based on an annuity or an annual income-based revenue model, eight toll road projects, four under construction projects and three other businesses, IL&FS added.

Reuters
first published: Dec 17, 2018 07:32 pm

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