IL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferred five of the assets, the transfer of another five is delayed due to legal challenges by lenders and other issues. The process of transferring one asset is progressing, while it has excluded another from the process.
The IL&FS group on Saturday said it has completed the sale and transfer of its entire holding in Moradabad Bareilly Expressway to its recently-formed infrastructure investment trust (InvIT) called.
IL&FS Transportation Networks Ltd completes sale of MBEL to Roadstar Infra Investment Trust equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
The IL&FS group on Saturday said it has completed the sale and transfer of its entire holding in Moradabad Bareilly Expressway to its recently-formed infrastructure investment trust (InvIT) called Roadstar Infra Investment Trust.This is the .