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In Brief
Friday, 16 April 2021 18:38 Projects
“Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has completed the sale of its 49% stake in a Chinese expressway project, that will help the company address debt worth Rs 2,600 crore.”, reports The Economic Times.
The transaction involved sale of 49% shareholding amounting to INR 1035 crores ($141.6M) held by the Singapore based subsidiary of IL&FS Transportation Networks, ITNL International Pte Ltd. (IIPL) in Chongqing Yuhe Expressway Company Limited (CYEC) to China Merchants & Ping An Fund.
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sina.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.cn Daily Mail and Mail on Sunday newspapers.