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.
(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )
(To receive our E-paper on WhatsApp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)
