Tuesday , October 26 2021

IL&FS receives strong response to asset monetization process

Infrastructure Leasing & Financial Services (IL&FS) has received a strong response to the asset monetization process for the Domestic Roads Vertical housed under its subsidiary, IL&FS Transportation Networks.

More than 30 expressions of interest were received for acquiring IL&FS’ interests in its 22 assets across its domestic road vertical including its domestic EPC and O&M businesses. Initiated on December 18, 2018, the launch is towards developing a resolution plan(s) for the IL&FS group.

IL&FS Transportation Networks is a road development arm of infrastructure development and finance major IL&FS.

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