The IL&FS group has sought approval from the National Company Law Tribunal NCLT to move five highway assets of the beleaguered group in an infrastructure investment trust InvIT An independent assessment valued the projects at Rs 4,000 crore, said a company spokesman while confirming the development. The valuation is a mandatory requirement under the Sebi rules of the Securities and Exchange Board of India. With the NCLT approval, a total of 11 projects should be ready to monetise through InvIT route. The first tranche of six projects valued at around Rs 9,200 crore already have Business Standard which has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wide political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid - 19, we continue to remain committed to keeping you informed with effective news, authoritative views and informative commentary on topical issues of relevance.
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