Debt-LADen NON-BANKING financer Infrastructure Leasing and Financial Services (IL&FS) on Saturday said it has received approval from NCLT for launching phase I of its Infrastructure Investment Trust (InvIT).
In a release, the group said that the approval from the National Company Law Tribunal (NCLT) was received on Saturday.
With this, six road projects — Barwa Adda Expressway Ltd, Baleshwar Kharagpur Expressway Ltd, Sikar Bikaner Highway Ltd, East Hyderabad Expressway Ltd, Moradabad Bareilly Expressway Ltd and Jharkhand Road Projects Implementation Company Ltd — will be transferred to the newly-formed Roadstar Infra Investment Trust under its InvIT Phase I.
