A mix of corporate houses, infrastructure and road construction companies, non-banking financial companies (NBFCs), and funds have shown interest in acquiring these assets either individually, in combination, or both, said a person familiar with the matter.
IL&FS is poised to divest its stakes in three road projects as part of the resolution process. This decision comes after the new board s inability to secure approvals for the original plan of transferring these assets to an infrastructure investment trust (InvIT). The road projects in question include Baleshwar-Kharagpur Expressway (BKEL), Jharkhand Infrastructure Implementation Company (JIICL), and Jharkhand Road Projects Implementation Company (JRPICL).