Synopsis
IL&FS owns 49% in the asset through a Singapore subsidiary ITNL International Pvt Ltd (IIPL) while Chongqing Expressway Group held the balance 51%.
Agencies
PingAn emerged highest bidder and bid $281 million for 100% stake in CYEC.
Mumbai: Troubled infrastructure financier Infrastructure Leasing and Financial Services will sell its Chinese road asset for nearly Rs 2074 crore to PingAn Insurance (Group) Company of China, two people familiar with the development said. This sale will help resolve debt worth Rs 2500 crore.
The group has also received approval from Supreme Court Justice (Retd) D K Jain to sell its Chinese JV Road Asset - Chongqing Yuhe Expressway Co Ltd (CYEC) - to PingAn. PingAn Group is amongst the largest financial services companies in the world.
Fit India cyclothon held in NF Railway complex, Maligaon
As part of the nationwide initiative under Fit India Movement launched by the Ministry of Youth Affairs & Sports, a series of activities and events are being held starting from December 7 to 31.
| 13 Dec 2020 5:12 AM GMT
GUWAHATI: As part of the nationwide initiative under Fit India Movement launched by the Ministry of Youth Affairs & Sports, a series of activities and events are being held starting from December 7 to 31.
A Fit India Cyclothon programme was held at the NFRSA (NF Railway Sports Association) complex, Maligaon in connection with the initiative on Saturday.
The programme was flagged off by NFR General Manager Anshul Gupta in the presence of Rajendra Prasad Jingar, NFRSA president apart from all participants and well wishers. He advised all participants about the need to remain fit in today s hectic life schedule. He also mentioned about the clarion call given by Prime Minister Narendra Modi to