IL&FS Gets Company Law Tribunal's Okay To Launch Infrastructure Investment Trust
NDTV
The company said that the InvIT named Roadstar Infra Investment Trust, will get six road projects under the first phase
Troubled Infrastructure Leasing and Financial Services (IL&FS) has received the approval to launch the first phase of its infrastructure investment trust InvIT. It had received the clearance from the National Company Law Tribunal (NCLT) on October 30.
In a statement issued by it, the company said that the InvIT named Roadstar Infra Investment Trust, will get six road projects under the first phase.
These will be Barwa Adda Expressway, Baleshwar Kharagpur Expressway, Sikar Bikaner Highway, East Hyderabad Expressway, Moradabad Bareilly Expressway and Jharkhand Road Projects Implementation Company.
The special purpose vehicles (SPVs) for these six road projects will be transferred to the InvIT at an aggregate valuation of Rs 9,214 crore.
