IL&FS unit to list its Indian road assets as infrastructure investment trust

IL&FS unit to list its Indian road assets as infrastructure investment trust

A file photo of road construction. Of late, large global funds have been active in acquiring infrastructure assets, particularly operational road projects, in India. Photo: Mint

IL&FS Transportation Networks India Ltd (ITNL), the road development arm of infrastructure developer and financier, Infrastructure Leasing and Financial Services Ltd (IL&FS) has initiated the process of listing its road assets as an infrastructure investment trust (InvIT), said three people directly familiar with the matter. All three asked not to be identified.

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