IL&FS to sell domestic road assets held by ITNL
Updated : December 17, 2018 09:46 PM IST
IL&FS, which is looking to sell assets to pay off debts, plans to sell its stake in the road businesses as individual assets or as a portfolio of assets, it said in a statement.
The sale comprises seven operating road projects based on an annuity or an annual income-based revenue model and eight toll road projects together totalling over four-fifths of its operational road portfolio, according to ITNL's March 2018 annual report.
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