IL&FS gets 14 bids worth ₹13,000 crore for 10 road assets

Mumbai: The bankrupt Infrastructure Leasing & Financial Services (IL&FS) on Tuesday said it has received 14 binding financial bids worth around ₹13,000 crore for 10 of its road assets in the country.

All the bids were opened on 9 September and the board, advisor are evaluating them, the company said in a statement.

These 10 road assets account for debt of over ₹17,700 crore, which is nearly 19% of group’s total debt.