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ROADSTAR INVIT
InvITs industry pushes for easier M&A rules to boost investor interestIndia's InvITs sector, managing ₹7 lakh crore in assets, is urging regulators for simpler M&A rules. Industry leaders want change of contro...- 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...
- 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...
- NCLT approves Rs 6,000 crore sale of Chenani Nashri Tunnelway to Cube HighwaysThe National Company Law Tribunal has cleared the sale of Chenani Nashri Tunnelway, owned by IL&FS, to Cube Highways for ₹6,000 crore. This...
- IL&FS Group initiates Rs 5,000 cr payouts in InvIT units and cash under interim distributionIL&FS Group has started an interim distribution of Rs 5,000 crore, including Rs 3,500 crore in InvIT units and Rs 1,500 crore in cash for d...
- 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 ...
- Pune-Sholapur Road restructuring gives lenders Rs 334 croreTen banks, led by Bank of India, have received Rs 334 crore from accumulated toll collections of Pune Sholapur Road Development Co Ltd, pre...
- 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 resolution under Kotak completes Rs 61,000 crore of Rs 99,355 crore debtOf the total 347 entities, 248 have been resolved, Kotak said, adding, the group had over 100 entities overseas and of the remaining 101 en...
- Dilip Buildcon plans to float InvIT, may raise Rs 4,000 croreDBL is likely to raise about ₹4,000 crore through the proposed InvIT, where the equity value of the assets under the venture would come abo...
- 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...
- With InvITs, get returns of 8-10% and good diversificationInfrastructure Investment Trusts, or InvITs, are increasingly becoming a popular asset class among rich investors, who are looking at optio...
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