IL&FS is set to sell its stakes in three road projects, including Baleshwar-Kharagpur Expressway, Jharkhand Infrastructure Implementation Company, and Jharkhand Road Projects Implementation Company, as part of the resolution process. The company’s board faced challenges in obtaining approvals to transfer these assets to an infrastructure investment trust (InvIT), prompting the decision to sell. The move aims to address a combined debt of Rs 35 billion across the projects.
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