Bankrupt Infrastructure Leasing & Financial Services (IL&FS) on Tuesday said it has received 14 binding financial bids worth about ₹13,000 crore for 10 of its road assets in the country.
The 14 bids were opened on September 9, and the board and the adviser were evaluating them, the company said in a statement on Tuesday. These 10 road assets account for a debt of more than ₹17,700 crore, which is almost 19% of the total group debt.
IL&FS Group entities continue to hold rights to receive claims with gross value exceeding ₹1,900 crore, filed with various concession authorities in respect of these assets, it said. These road assets include Jharkhand Infrastructure Implementation Company, Jharkhand Road Projects Implementation Company, Moradabad-Bareily Expressway, Chenani-Nashri Tunnelway, Hazaribagh-Ranchi Expressway and the Jorabat- Shillong Expressway.
