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India News: National Highways Authority of India on Sunday said it has awarded two highway projects with a combined length of 400 km under the toll-operate-transf
National Highways Authority of India on Sunday said it has awarded two highway projects with a combined length of 400 km under the toll-operate-transfer (TOT) model for Rs 6,584 crore
Billion-dollar companies are currently involved in a three-way bidding war to buy Anil Ambani’s RInfra road projects in a massive deal worth thousands of crores.
Reliance Infrastructure Ltd is in advance talks with leading funds for the sale of its toll road projects. According to sources, three prominent bidders -- Macquarie Group, Cube Highways and Kotak Alternate Asset Managers -- are actively vying ...
CNTL, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its restructuring plan. This transaction follows Edelweiss' previous acquisition in 2021 when it purchased CNTL's loan of Rs 750 crore, recovering 75%-80% of the loan's value, originally sold by IndusInd Bank. CNTL currently has a total debt of Rs 5,454 crore, with Rs 4,195 crore owed to lenders and the remaining Rs 1,295 crore from IL&FS group entities.