Singapore & Italy based companies bid highest for IL&FS’ two road assets

Email queries sent to Cube Highways and Autostrade remained unanswered till as of press time. IL&FS declined to comment on the matter. The IL&FS board is looking to address half of the company’s Rs 97,000-crore debt through asset monetisation. It sold seven wind energy assets to existing partner Orix of Japan for an equity value of Rs 593 crore.

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