Debt-founded infrastructure Leasing & Financial Services has decided to sell its full 15 percent remaining interest in Roadstar Infra Investment Trust (Invit) to reduce obligations.
Infrastructure Leasing & Financial Services (IL & FS) has appointed Axis Bank to explore potential buyers for its 15.1 percent interest in Roadstar Invit.
“Sale of the importance of IL&FS ’15 percent in Roadstar Invit is an important part of the resolution initiative of the group and the approved framework. We would take steps in this direction – including the name of consultants and intermediaries – in due course,” said a spokesperson for IL & FS Group.
In March of this year, IL&FS had mentioned the Roadstar Infra Investment Trust units on NSE as part of its debt restructuring.
Roadstar Infra Investment Trust, sponsored by Roadstar Infra, was founded with the aim of possessing, operating and investing in infrastructure projects in India, directly or indirectly, and is registered under the Invit instructions.
Through his project, Roadstar Infra Investment Trust has together special purposes 6 road assets under the portfolio, compiled to 685.16 km, located in 6 States in India – Moradabad Bareilly Expressway, Sikar Bikaner Highway Ltd, Pune Development, Pune Development, Thiruvanhaph, Thiruvanhaphap, ThiruvaMh, THIRUMHAM HIRAM ROOM HOOD HIRAM ROOM HOOD HIRAM ROOM HAVAM HIRAM ROOM HOUNAM ROOM HAPRAM HIRAM WEGSHAPH, THIRUM HIRAM ROOM HOODHAP HIRAM ROOM HOUNAM ROOM HAPRAM HIERAM Ranchi Expressway Ltd.
Of the six road assets, four are under the National Highway Authority of India’s (NHAI) concession framework (three tolls and one annuity), one tolactive under the Ministry of Road Transport and Highways (MORDH) and one annuity project of Kerala Road Fund Board (KRFB).
The six road assets are in Maharashtra, Rajasthan, Uttar Pradesh, West -Bengalen, Jharkhand and Kerala.
All assets are operational, except Bael, which has been completed 94 percent from January 2025.
In addition, SBHL must receive the last cod, pending completion and certification of the authority.
Published on September 19, 2025
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