IL&FS To Sell 15% Stake in Roadstar InvIT To Cut Debt

23 Sep 2025 CW Team

Debt-ridden Infrastructure Leasing & Financial Services (IL&FS) has decided to sell its entire 15 per cent residual stake in Roadstar Infra Investment Trust (InvIT) to reduce liabilities. Axis Bank has been appointed to identify potential buyers for the 15.1 per cent holding.

A spokesperson from IL&FS Group said, “Sale of IL&FS' 15 per cent stake in Roadstar InvIT is a key part of the Group’s resolution initiative and approved framework. Steps, including appointing consultants and intermediaries, will be taken in due course.”

Earlier in March 2025, IL&FS had listed Roadstar InvIT units on the NSE as part of its debt restructuring. Roadstar Infra Investment Trust, sponsored by Roadstar Infra, is registered under InvIT regulations and aims to own, operate, and invest in infrastructure projects in India.

The InvIT holds six road assets across six states—Maharashtra, Rajasthan, Uttar Pradesh, West Bengal, Jharkhand, and Kerala—covering a total of 685 km. The portfolio includes Moradabad Bareilly Expressway Ltd, Sikar Bikaner Highway Ltd, Pune Sholapur Road Development Company Ltd, Barwa Adda Expressway Ltd, Thiruvananthapuram Road Development Company Ltd, and Hazaribagh Ranchi Expressway Ltd.

Of the six assets, four operate under the National Highways Authority of India (NHAI) concession framework (three toll, one annuity), one is a toll asset under the Ministry of Road Transport and Highways, and one is an annuity project under the Kerala Road Fund Board. All assets are operational except Barwa Adda Expressway Ltd, which was 94 per cent complete as of January 2025. Sikar Bikaner Highway Ltd is pending final COD, awaiting punch-list completion and certification.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..