At least six investors that include I Squared Capital, Canada\u2019s CDPQ, NIIF, Brookfield, Edelweiss and Lone Star are understood to be conducting due diligence ahead of submitting their bids for 18 road assets of IL&FS, a source aware of the developments told FE.<\/p>\n
The bids are likely to start coming in by mid-July and should not go beyond mid-August, the source indicated, adding that these assets if sold would likely fetch a valuation of around `20,000 crore. Emails sent to the aforesaid names remained unanswered till the time of going to press.<\/p>\n
Of the 18 assets, completed projects of IL&FS \u2014 Pune-Solapur, Hazaribagh-Ranchi and a bouquet of assets under Thiruvananthapuram City Roads and Road Infrastructure Development Company of Rajasthan (Ridcor) \u2014 are said to be garnering more interest from investors, according to the source.<\/p>\n","protected":false},"excerpt":{"rendered":"
At least six investors that include I Squared Capital, Canada\u2019s CDPQ, NIIF, Brookfield, Edelweiss and Lone Star are understood to be conducting due diligence ahead of submitting their bids for 18 road assets of IL&FS, a source aware of the developments told FE. The bids are likely to start coming in by mid-July and should not go beyond mid-August, the source indicated, adding that these assets if sold would likely fetch a valuation of around `20,000 crore. Emails sent to the aforesaid names remained unanswered till the time of going to press. Of the 18 assets, completed projects of IL&FS […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-280862","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/280862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=280862"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/280862\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=280862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=280862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=280862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}