{"id":466312,"date":"2022-02-05T09:21:16","date_gmt":"2022-02-05T03:51:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=466312"},"modified":"2022-02-05T09:50:51","modified_gmt":"2022-02-05T04:20:51","slug":"ilfs-sells-its-35-stake-in-wcbtrl-resolves-rs-324-cr-group-debt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-sells-its-35-stake-in-wcbtrl-resolves-rs-324-cr-group-debt\/","title":{"rendered":"IL&amp;FS sells its 35% stake in WCBTRL, resolves Rs 324 cr group debt"},"content":{"rendered":"<p>IL&amp;FS Group on Friday said it has completed the sale of its 35 per cent stake in Warora Chandrapur Ballarpur Toll Road Limited (WCBTRL).<\/p>\n<p>Accordingly, the stake was sold to IL&amp;FS&#8217; majority joint venture partner Vishvaraj Infrastructure Limited (VIL).<\/p>\n<p>&#8220;The sale entails VIL taking over entire external debt of WCBTRL amounting to Rs 306 crore, providing equity value of over Rs 12 crore and settling IL&amp;FS Group dues amounting to Rs 6 crore &#8211; thereby resolving Rs 324 crore from the overall IL&amp;FS Group debt of approx. Rs 99,000 crore, as of October 2018,&#8221;<\/p>\n<p>&#8220;The Group had already received requisite approvals from the ITNL CoC, Supreme Court Justice (retd) D.K. Jain and Hon&#8217;ble NCLT to complete the transaction.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IL&amp;FS Group on Friday said it has completed the sale of its 35 per cent stake in Warora Chandrapur Ballarpur Toll Road Limited (WCBTRL). Accordingly, the stake was sold to IL&amp;FS&#8217; majority joint venture partner Vishvaraj Infrastructure Limited (VIL). &#8220;The sale entails VIL taking over entire external debt of WCBTRL amounting to Rs 306 crore, providing equity value of over Rs 12 crore and settling IL&amp;FS Group dues amounting to Rs 6 crore &#8211; thereby resolving Rs 324 crore from the overall IL&amp;FS Group debt of approx. Rs 99,000 crore, as of October 2018,&#8221; &#8220;The Group had already received requisite [&hellip;]<\/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":[135,130,168],"tags":[],"class_list":["post-466312","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466312","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=466312"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466312\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=466312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=466312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=466312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}