India: Debt-ridden IL&FS completes stake sale in China road asset

India: Debt-ridden IL&FS completes stake sale in China road asset

Photo: Reuters

Debt-ridden Infrastructure Leasing and Financial Services (IL&FS) has completed 49% stake sale in its Chinese road asset – Chongqing Yuhe Expressway Co Ltd (CYEC), the company said on Thursday.