IL&FS Transportation Networks to divest stake in some road projects to ease liquidity crunch
Updated : October 25, 2018 10:43 PM IST
According to a regulatory filing, the board considered the proposal for divestment of its stake in certain road projects for easing the liquidity concerns and decided to seek assistance from the financial and transaction advisors appointed by IL&FS for the process.
IL&FS and its subsidiaries have defaulted on several debt repayments recently due to a liquidity crisis.
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