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...
06 Nov, 2023, 11.40 PM IST
New Kolkata-Varanasi expressway: Your Delhi-Kolkata road trip will take same time as Rajdhani ExpressThe proposed greenfield Kolkata-Ranchi-Varanasi highway (4/6 lane) will pass through Uttar Pradesh ,Bihar Jharkhand and West Bengal and off...
15 May, 2023, 04.01 PM IST
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...
14 May, 2023, 08.12 PM IST
India's highways infra to match US by 2024: GadkariIndia's Road Transport and Highways Minister Nitin Gadkari has said that the country's highway infrastructure will match that of the US by ...
26 Mar, 2023, 11.43 AM IST
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...
21 Dec, 2022, 04.53 PM IST
ED attaches over Rs 80 Cr assets belonging to TRS MP, Madhucon GroupDirectorate of Enforcement (ED) on Monday said it has provisionally attached 28 immovable properties and other assets worth Rs 80.65 crore ...
17 Oct, 2022, 04.05 PM IST
Bank fraud: ED attaches Rs 90-crore assets of road construction companyAccording to ED, the group had been struggling financially for a number of years. After winning the Ranchi-Jamshedpur Project tender, the M...
03 Jul, 2022, 01.13 PM IST
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 ...
19 Nov, 2019, 08.23 AM IST
IL&FS receives bids of Rs 13,000 crore for 10 road assetsThe bids for the road assets were opened on September 9 and the IL&FS Board is evaluating these offers in consultation with its advisors.
10 Sep, 2019, 06.03 PM IST
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.
30 Aug, 2019, 08.58 PM IST
NCLAT seeks details about 4 IL&FS group entitiesThe NCLAT also made clear that it has not stopped IL&FS and its group entities from going for resolution process.
08 Apr, 2019, 09.48 PM IST
CBI books infra firm for alleged cheating to the tune of Rs 1,000 croreThe matter pertains to four-laning of 163-km stretch on NH-33 connecting Ranchi to Jamshedpur for which the National Highways Authority of ...
12 Mar, 2019, 10.37 PM IST
Why mutual funds marked down investments in IL&FS SPVMutual funds have holdings in three SPVs of IL&FS — Jharkhand Road Projects, Hazaribagh Ranchi Expressway Limited, and Jorabat Shillong Exp...
24 Jan, 2019, 10.01 AM IST
After birla and HDFC MFs, UTI marks down IL&FS SPVs’ debtThe value of various debt schemes of UTI Mutual Fund fell as much as 2.22% on Tuesday.
24 Jan, 2019, 09.45 AM IST
Two mutual funds mark down IL&FS SPV debtMove against cash-rich SPVs follows parent’s step to seek moratorium on loan repayments.
23 Jan, 2019, 09.44 AM IST
IL&FS effect: Icra downgrades 6 funds from HDFC, UTI, Birla AMCSchemes being put under watch include a short term debt fund and banking & PSU debt fund.
22 Jan, 2019, 08.04 PM IST
Crisis-hit IL&FS bond holders want a seat on boardIL&FS went into administration in October after the company defaulted on payment obligations.
18 Jan, 2019, 08.41 AM IST