IL&FS gets over 30 EOIs for sale of the domestic roads vertical


NEW DELHI: Debt-ridden Infrastructure Leasing Financial Services (ILFS) Thursday pronounced it has perceived than 30 expressions of seductiveness (EOI) for appropriation a stakes in a 22 resources opposite a domestic highway straight as a partial of a item monetisation plan.

“ILFS has perceived a clever response to a item monetisation routine for a domestic roads straight housed underneath a subsidiary, ILFS Transportation Networks. More than 30 expressions of seductiveness were perceived for appropriation ILFS’ interests in a 22 resources opposite a domestic highway vertical,” ILFS Transportation Networks, a organisation association of a uneasy ILFS group, pronounced in a BSE filing.

ILFS organisation on Dec 18, 2018 had instituted a routine for item monetisation. Last date for receipt of EOIs was Jan 8, 2019.

“Eligibility of a perceived EOIs is being scrutinised. Interest has been perceived from a brew of vital and financial players. Qualifying meddlesome bidders will afterwards be invited to examination information on a business that would be common with them, so as to capacitate them to contention blurb bids,” a association added.

ILFS pronounced any contracting transaction for a sale of assets, as good as a ensuing fortitude plan(s), will be theme to claim approvals (including that of NCLT) before a exchange are concluded.

The ILFS organisation is confronting critical liquidity predicament and has defaulted on seductiveness remuneration on several debt repayments given Aug 27.

The group’s sum debt stood during over Rs 94,000 crore as on Oct 8, 2018.


Please enter your comment!
Please enter your name here