IL&FS receives strong response to asset monetisation for road verticals under IL&FS Transportation Networks

Infrastructure Leasing & Financial Services (IL&FS) has received a strong response to the asset monetization process for the Domestic Roads Vertical housed under its subsidiary, IL&FS Transportation Networks.

More than 30 expressions of interest were received for acquiring IL&FS' interests in its 22 assets across its domestic road vertical including its domestic EPC and O&M businesses. Initiated on 18 December 18 2018, the launch is towards developing a resolution plan(s) for the IL&FS group.

Last date for receipt of same was 08 January 2019. Eligibility of the received EOIs is being scrutinsed. Interest has been received from a mix of strategic and financial players. Qualifying interested bidders will then be invited to review information on the business that would be shared with them, so as to enable them to submit commercial bids.

Any binding transaction for the sale of assets, as well as the resulting resolution plan(s), will be subject to requisite approvals (including the NCLT) before the transactions are conclude

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