MUMBAI: ITNL International, a subsidiary of the bankrupt infra lender InfrastructureNSE -0.59 % Leasing & Financial Services (IL&FS) is looking to sell its 49 percent stake in Chongqing Yuhe Expressway Company in China, the company said Friday.
The Singapore-based ITNL International is a wholly- owned subsidiary of IL&FS Transportation Networks.
The balance 51 percent is owned by local partner Chongqing Expressway Group, one of the largest state-owned enterprises in China’s Chongqing with USD 25 billion in assets.
