IL&FS Transportation Networks Limited has received approval from stock exchanges to issue units of the Roadstar Infra Investment Trust (InvITS) with the listing expected by December 2024. The trust has acquired road assets from IL&FS Transportation Networks, including the Moradabad Bareilly Expressway (MBEL), Sikar Bikaner Highway, Hazaribagh Ranchi Expressway, Thiruvananthapuram Road Development Company (TRDCL), Barwa Adda Expressway (BAEL), and Pune Sholapur Road Development Company (PSRDCL), valued between Rs 80 and Rs 85 billion.
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