I Squared Cap, NIIF among 14 bidders for IL&FS road assets
MUMBAI: Global infrastructure investment fund I Squared Capital, the National Investment and Infrastructure Fund (NIIF), Singapore-based infrastructure investment platform Cube Highways and EdelweissNSE -3.49 % Financial Services have shown interest in buying road assets worth about Rs 20,000 crore from the Infrastructure Leasing & Financial Services (IL&FS) group, said people with knowledge of the matter.
Fourteen entities have submitted bids for 10 road assets with debt of Rs 17,700 crore, which accounts for nearly a fifth of total IL&FS group debt.
With a debt obligation of around Rs 1 lakh crore, IL&FS has 28 build-operate-transfer projects under the listed IL&FS Transportation Networks (ITNL).
