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MORADABAD BAREILLY EXPRESSWAY
IL&FS to exit Roadstar Infra Investment Trust in debt clean-upIL&FS plans to sell its remaining 15.1% stake in Roadstar InvIT, with Axis Bank scouting buyers. Roadstar, valued at ₹8,592 crore, holds si...- Motorists can soon pick low-toll routes with new NHAI app featureNext month, NHAI's Rajmargyatra app will introduce a feature allowing motorists to select routes with the lowest toll costs. This update wi...
- IL&FS InvIT Roadstar Infra Investment Trust lists on NSEInfrastructure Leasing & Financial Services (IL&FS) has listed the Roadstar Infra Investment Trust units on NSE on Tuesday as a part of its...
- IL&FS Transportation gets bourses'nod to issue units of roadstar InvITIL&FS Transportation Networks Ltd secured approval to issue units of the Roadstar Infra Investment Trust, aiming to list by December. Road ...
- NCLT allows IL&FS Transportation Networks to offload shares in an expressway projectThe National Company Law Tribunal (NCLT) has granted permission to IL&FS Transportation Networks to sell its shares in Moradabad Bareilly E...
- IL&FS plans sale of some road assets as InvIT transfer faces hurdlesIL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferr...
- IL&FS transfers Pune Sholapur Road asset to Invit at enterprise value of Rs 2,000 croreThe four road assets that have already been transferred to the Invit structure include - Moradabad Bareilly Expressway Limited (MBEL); Sika...
- IL&FS transfers two more road assets worth Rs 976 crore to Roadstar InvitWith this, secured lenders of both the assets, which include Punjab National Bank, Union Bank, Indian Overseas Bank, Deutsche Bank, JP Morg...
- IL&FS gets NCLT approval for phase 1 InvITWith this approval, six road projects -- Barwa Adda Expressway Ltd, Baleshwar Kharagpur Expressway Ltd, Sikar Bikaner Highway Ltd, East Hyd...
- IL&FS InvIT for road assets gets Sebi nodThe group is expected to start the process of setting up a sponsor company for the InvIT under its subsidiary IL&FS Transportation Networks...
- Singapore & Italy based companies bid highest for IL&FS’ two road assetsEmail queries sent to Cube Highways and Autostrade remained unanswered till as of press time. IL&FS declined to comment on the matter. The ...
- IL&FS starts repaying Rs 5,071 crore to creditors of 3 group firmsThe binding term sheet has a revised proposal for debt-restructuring, with certain concessions and modification of terms of financial debt.
- 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.
- Three IL&FS group entities enter into pact with secured lendersThis move is in line with the current management's efforts to monetise assets and would also help in repaying debt to mutual funds.
- Three IL&FS group companies to service Rs 3,300 crore debtIL&FS, lenders reach agreement; co tells NCLAT it will take up 10 more companies next.
- NCLAT asks IL&FS, govt about steps taken for 55 loss making red firmsNCLAT has asked IL&FS and the Ministry of Corporate Affairs to file an affidavit within two weeks stating the time it would take to decide ...
- IL&FS board to consider release of payments to creditorsAn apppellate tribunal had set July 12 as deadline for the IL&FS group to reach an agreement with creditors of these 13 companies to begin ...
- Uttar Pradesh asks NHAI to build Bundelkhand ExpresswayUPEIDA was supposed to build Bundelkhand Expressway but the paucity of funds means the state had to now request the NHAI to do the same.
- Centre okays highways and waterways projects worth Rs 1.5 lakh crore for Uttar Pradesh“The total cost of projects approved is Rs 1.5 lakh crore. We will soon start the work on detailed project reports,” Nitin Gadkari said. “
- Delhi-Meerut Expressway stretch may get Cabinet nod in 15 daysPrime Minister Narendra Modi on December 31, 2015 had unveiled a plaque to mark the laying of the foundation stone of the Delhi-Meerut Expr...
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