IL&FS plans stake sale for three road assets amidst InvIT setback

In a strategic move prompted by the stumbling Infrastructure Investment Trust (InvIT) plan, Infrastructure Leasing and Financial Services (IL&FS) is set to divest stakes in three key road assets. The decision comes as the InvIT initiative faces challenges, pushing IL&FS to explore alternative avenues to raise funds and address financial concerns. The three road assets targeted for stake sale are pivotal components of IL&FS's infrastructure portfolio. The company's shift in strategy reflects a commitment to financial resilience and adaptability in the face of unforeseen obstacles. By divesting stakes in these assets, IL&FS aims to infuse liquidity and streamline its financial position. This move aligns with IL&FS's broader restructuring efforts and underscores the dynamic nature of the infrastructure sector. The decision to sell stakes in specific road assets showcases the company's strategic decision-making to navigate financial complexities and continue its mission as a key player in the infrastructure landscape. As IL&FS charts this new course, stakeholders and industry observers will closely watch the unfolding developments and their impact on the company's future trajectory.