In a major development, the Infrastructure Leasing & Financial Services Ltd (IL&FS) has announced that it is going to achieve the resolution of the IL&FS group through certain measures, including asset divestments.
As a first step towards this end, to ascertain market interest, and to examine feasibility of maximization of value in an orderly and transparent manner, the board of IL&FS has initiated the process of exploring the sale of controlling stakes held by IL&FS in renewable energy sector.
The board of IL&FS has decided to publicly solicit Expressions of Interest (EoI) to assess the interest for a sale of its stake in the renewable energy assets. The deadline for responding to the EoI is December 10, 2018. Read More