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IL&FS to sell stakes in three road assets as InvIT plan fails

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). ....

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