IL&FS concludes the sale and transfer of Moradabad Bareilly expressway to its InvIT

New Delhi, December 25, : .

The IL&FS Group announced Saturday that it had completed the transfer and sale of all its holdings in Moradabad Bareilly Expressway (IB) to Roadstar Infra Investment Trust (InvIT)The company stated that this is the first road asset to be purchased by InvIT over time.According to the company, the final consideration for the sale of shares was Rs 5.76.77 crore.The adjusted final consideration for assigning receivables stood at Rs 14.26 crore.This deal saw Moradabad Bareilly Expressway, which is estimated to have a value of Rs 3,000 crore, cease to be a subsidiary.

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