IL&FS gets over 30 EOIs for sale of its domestic roads vertical

Source: The Hitavada      Date: 11 Jan 2019 11:01:05

DEBT-RIDDEN Infrastructure Leasing & Financial Services (IL&FS) on Thursday said it has received more than 30 expressions of interest (EOI) for acquiring its stakes in its 22 assets across its domestic road vertical as a part of its asset monetisation plan.

“IL&FS has received a strong response to the asset monetisation 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,” IL&FS Transportation Networks, a group company of the troubled IL&FS group, said in a BSE filing.
IL&FS group on December 18, 2018 had initiated the process for asset monetisation.