India's debt-laden IL&FS to sell domestic road assets held by unit

Photo: 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 (ITNL) subsidiary.

IL&FS, which is looking to sell assets to pay off debts, plans to sell its stake in the road businesses as individual assets or as a portfolio of assets, it said in a statement.

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