IL&FS had plans to transfer around a dozen road assets to the InvIT, Roadstar Infra Investment Trust (RIIT). While it has already transferred five of the assets, the transfer of another five is delayed due to legal challenges by lenders and other issues. The process of transferring one asset is progressing, while it has excluded another from the process.
Shapoorji Pallonji Group’s Afcons Infra to float Rs 5,430-cr IPO on October 25
Afcons Infrastructure Ltd, a part of the Shapoorji Pallonji Group, is set to launch a Rs 5,430-crore IPO on October 25, featuring both fresh shares