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IL&FS Transportation gets bourses'nod to issue units of roadstar InvIT

By Economic Times - 4 months ago
IL&FS Transportation Networks Ltd secured approval to issue units of the Roadstar Infra Investment Trust, aiming to list by December. Road assets with an enterprise value of Rs 8,000 to Rs 8,500 crore will be part of the trust. Units will be allocated to Roadstar Infra Private Ltd and IL&FS creditors, offering returns from toll collections and annuities.

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