The IL&FS group is considering selling a few of its road assets, as its board is facing challenges to transfer those to an infrastructure investment trust (InvIT) as planned.
IL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferred five of the assets, the transfer of another five is delayed due to legal challenges by lenders and other issues. The process of transferring one asset is progressing, while it has excluded another from the process.
