IL&FS transfers two more road assets worth Rs 976 crore to Roadstar Invit
IL&FS on Wednesday said that it has transferred two more road projects — Hazaribagh Ranchi Expressway and Thiruvananthapuram Road Development Company — to Roadstar Infra Investment Trust at an enterprise value of Rs 979 crore. The infrastructure sector finance firm which went under insolvency in September 2018 still has four more road special purpose vehicles (SPVs) with an aggregate enterprise value of Rs 5,274 crore.
