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

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

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. 

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. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code