IL&FS Transportation Networks Ltd secured approval to issue units of the Roadstar Infra Investment Trust, aiming to list by December. Road ...

The National Company Law Tribunal (NCLT) has granted permission to IL&FS Transportation Networks to sell its shares in Moradabad Bareilly E...

IL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferr...

The four road assets that have already been transferred to the Invit structure include - Moradabad Bareilly Expressway Limited (MBEL); Sika...

With this, secured lenders of both the assets, which include Punjab National Bank, Union Bank, Indian Overseas Bank, Deutsche Bank, JP Morg...

With this approval, six road projects -- Barwa Adda Expressway Ltd, Baleshwar Kharagpur Expressway Ltd, Sikar Bikaner Highway Ltd, East Hyd...

The group is expected to start the process of setting up a sponsor company for the InvIT under its subsidiary IL&FS Transportation Networks...

Email queries sent to Cube Highways and Autostrade remained unanswered till as of press time. IL&FS declined to comment on the matter. The ...

The binding term sheet has a revised proposal for debt-restructuring, with certain concessions and modification of terms of financial debt.

Edelweiss, Cube Highways also make offers for Rs 20,000-crore assets spread across seven states.

This move is in line with the current management's efforts to monetise assets and would also help in repaying debt to mutual funds.

IL&FS, lenders reach agreement; co tells NCLAT it will take up 10 more companies next.

NCLAT 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 ...

An 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 ...

UPEIDA was supposed to build Bundelkhand Expressway but the paucity of funds means the state had to now request the NHAI to do the same.

“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. “

Prime Minister Narendra Modi on December 31, 2015 had unveiled a plaque to mark the laying of the foundation stone of the Delhi-Meerut Expr...