IL&FS transfers 99.99% shares in Hazaribagh Ranchi Expressway to Roadster Infra

It has also transferred receivables worth more than Rs 380 crore to the firm, through Axis Trustee Services.

FPJ Web DeskUpdated: Saturday, December 17, 2022, 01:09 PM IST
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According to an exchange filing, Infrastructure Leasing and Financial Services (IL&FS) has sold 99.99 per cent shares in its subsidiary Hazaribagh Ranchi Expressway Limited, to Roadster Infra Investment Trust.

It has also transferred receivables worth more than Rs 380 crore to the firm, through Axis Trustee Services. With this HREL is no longer a subsidiary of IL&FS.

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