The board of Infrastructure Leasing and Financial Services Limited (IL&FS) has initiated the process of exploring the divestment of the IL&FS Group’s equity stake in road assets/businesses. These include seven operating annuity-based road projects aggregating around 1,774 lane km; eight operating toll-based road projects aggregating around 6,572 lane km; four under-construction road projects which will aggregate to around 1,736 lane km upon completion; and three other assets and businesses which are EPC and O&M businesses of IL&FS Transportation Networks Limited. The proposed sale of stakes held by the IL&FS Group in the aforementioned assets/businesses will be carried out either individually or as an undertaking comprising all the offered assets and businesses.
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