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India: Debt-ridden IL&FS completes stake sale in China road asset

India: Debt-ridden IL&FS completes stake sale in China road asset
Photo: Reuters
April 2, 2021
Debt-ridden Infrastructure Leasing and Financial Services (IL&FS) has completed 49% stake sale in its Chinese road asset – Chongqing Yuhe Expressway Co Ltd (CYEC), the company said on Thursday.
The stake is sold to China Merchants & Pingan Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (Pingan), a fund jointly owned by Pingan Insurance and China Merchants.
This is the largest transaction for IL&FS since the sale of its wind energy assets to Orix and will help the group address ₹2,600 crore of its overall debt of close to ₹99,000 crore (as of October 2018). ....

Ping An , Equity Investment Fund Tianjin Co Ltd Pingan , National Company Law Tribunal , Expressway Group , International Pte Ltd , Retd Supreme Court Justice Dk Jain , China Merchants , Pingan Infrastructure Phase , Investment Fund , Ping An Insurance , Pte Ltd , Chongqing Expressway Group , Supreme Court Justice , China Mainland , Chinese Government , பிங் ஒரு , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , அதிவேக நெடுஞ்சாலை குழு , சர்வதேச ட் லிமிடெட் , ரெட்ட் உச்ச நீதிமன்றம் நீதி ட்கே ஜெயின் , சீனா வணிகர்கள் , முதலீடு நிதி , பிங் ஒரு காப்பீடு , ட் லிமிடெட் , சோங்க்கிங் அதிவேக நெடுஞ்சாலை குழு , உச்ச நீதிமன்றம் நீதி ,

IL&FS sells stake in Chinese road asset to address Rs 2,600 crore debt

IL&FS sells stake in Chinese road asset to address Rs 2,600 crore debt
IL&FS
In a major step towards resolving its overall debt, IL&FS on Thursday announced completion of its 49 per cent stake sale in Chinese road asset, Chongqing Yuhe Expressway Co Ltd (CYEC), which would help the company to address debt of about Rs 2,600 crore.
It sold the stake to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants.
This is the largest transaction for IL&FS since the sale of its wind energy assets to Orix, IL&FS said in a statement. ....

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IL&FS sells stake in Chinese road asset to address Rs2,600 cr debt

IL&FS sells stake in Chinese road asset to address Rs2,600 cr debt
IANS
0
In a major step towards resolving its overall debt, IL&FS on Thursday announced completion of its 49 per cent stake sale in Chinese road asset, Chongqing Yuhe Expressway Co Ltd (CYEC), which would help the company to address debt of about Rs 2,600 crore.

It sold the stake to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants.

This is the largest transaction for IL&FS since the sale of its wind energy assets to Orix, IL&FS said in a statement. ....

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IL&FS: IL&FS sells Chinese road assets, cuts Rs 2.6k cr debt

IL&FS: IL&FS sells Chinese road assets, cuts Rs 2.6k cr debt
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Ping An , Gurgaon Metro , Expressway Group , Equity Investment Fund Tianjin , Il Fs Group , Chongqing Yuhe Expressway , China Merchants , Pingan Infrastructure Phase , Investment Fund , Ping An Insurance , Chongqing Expressway Group , Bandra Kurla Complex , பிங் ஒரு , குர்கான் மெட்ரோ , அதிவேக நெடுஞ்சாலை குழு , நான் L ஃப்ஸ் குழு , சீனா வணிகர்கள் , முதலீடு நிதி , பிங் ஒரு காப்பீடு , சோங்க்கிங் அதிவேக நெடுஞ்சாலை குழு , பாந்த்ரா குர்லா சிக்கலான ,

IL&FS completes stake sale in China road asset; deal to address Rs 2,600 crore debt

IL&FS completes stake sale in China road asset; deal to address Rs 2,600 crore debt
The transaction will help the group address Rs 2,600 crore of its overall debt of close to Rs 99,000 crore (as of October 2018).
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By PTI
MUMBAI: Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Thursday announced completion of 49 per cent stake sale in its Chinese road asset - Chongqing Yuhe Expressway Co Ltd (CYEC).
The stake is sold to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants, a release from IL&FS Group said. ....

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