IL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferred five of the assets, the transfer of another five is delayed due to legal challenges by lenders and other issues. The process of transferring one asset is progressing, while it has excluded another from the process.
The Board of Directors of IL&FS Transportation Networks Ltd has approved the transfer of the entire shareholding in PSRDCL to Roadstar Infra Investment Trust.
Hazaribagh Ranchi Expressway Limited (HREL) and Thiruvananthapuram Road Development Company Limited (TRDCL) both transferred to Roadstar Infra Investment Trust ('InvIT') at Enterprise value of Rs 979 crore.Senior Secured lenders of the both the .