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Adani Enterprises, Edelweiss Fund among 20 companies in fray for IL&FS' road assetsA mix of corporate houses, infrastructure and road construction companies, non-banking financial companies (NBFCs), and funds have shown in...- IL&FS to sell stakes in three road assets as InvIT plan failsIL&FS is poised to divest its stakes in three road projects as part of the resolution process. This decision comes after the new board's in...
- IL&FS moves NCLAT over consent delays for transfer of assets to InvITUnder the resolution framework, the company management had approved the transfer of four road assets (BKEL, BAEL, JIICL, and JRPICL) to the...
- IL&FS seeks extension of bid validity for 5 road projects facing Rs 10,500-cr debtThe five projects have received bids totalling Rs 7,489 crore, as against an aggregate debt of Rs 10,500 crore, as per an affidavit filed b...
- Lenders give nod to sale of IL&FS’ three road projectsIL&FS confirmed that it had received lenders’ approval for sale of these projects.
- Singapore firm wins bid to buy India’s longest road tunnelSingapore-based infrastructure investment platform Cube Highways has won the bid to acquire Chenani-Nashri project in Jammu & Kashmir, Indi...
- Creditors raise objections, block resolution of 5 IL&FS road assetsAn affidavit by the board said that “of the five ITNL sale SPVs, voting had commenced for four SPVs. On account of concerns raised by the C...
- I Squared Cap, NIIF among 14 bidders for IL&FS road assetsEdelweiss, Cube Highways also make offers for Rs 20,000-crore assets spread across seven states.
- IL&FS gets 19 bids for road assetsThe process for inviting binding bids for the road assets was launched through a public advertisement inviting expressions of interest.
- IL&FS companies to be grouped on payment abilityThe bench asked the counsel for the government and IL&FS to propose a resolution for companies under the “red” category.
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