IL&FS resolves Rs 324-cr debt by selling stake in Warora Chandrapur Highway

Until recently, the board of debt-laden IL&FS had resolved Rs 52,000 crore worth of the debt of the group

The beleaguered Infrastructure Leasing & Financial Services (IL&FS) on Friday said it has completed the process of selling its 35 per cent stake in Warora Chandrapur Ballarpur Toll Road Limited (WCBTRL) to majority joint venture partner Vishvaraj Infrastructure Limited (VIL), thereby resolving a debt to the tune of Rs 324 crore from its overall debt of Rs 99,000 crore.

The board of debt laden IL&FS until recently had resolved Rs 52,000 crore worth of the debt of the group. Further, it had maintained its projection of resolving approximately Rs 61,000 crore worth of the debt of the overall group. IL&FS