December 17, 2018 / 1:49 PM / 6 months ago

India's IL&FS to sell domestic road assets held by ITNL

MUMBAI, Dec 17 (Reuters) - India’s Infrastructure Leasing and Financial Services Ltd (IL&FS) said on Monday it had begun the sale of its domestic road assets within its IL&FS Transportation Networks Ltd subsidiary.

IL&FS has initiated the process of divesting its stake in the road businesses as individual assets or as a portfolio of assets, it said in a statement.

The sale comprises of seven operating road projects based on an annuity or an annual income-based revenue model, eight toll road projects, four under construction projects and three other businesses, IL&FS added. (Reporting by Promit Mukherjee Editing by Alexander Smith)

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