IL&FS LENDERS TO OFFLOAD COMPANY’S POORLY PERFORMING ROAD ASSETS INTO AN INVIT

Highlights

• It is supposed to be done by April
• To make money from the assets, they may have to wait longer than their one-year lock-in period

Reports suggest that lenders to bankrupt IL&FS expect to be able to offload some of the company’s poorly performing road assets. It will be into an infrastructure investment trust (InvIT). It shall be done by April. However, to make....