IL&FS InvIT Lists on NSE, Marks Significant Milestone in Debt Resolution
Bangalore: IL&FS InvIT, Roadstar Infra Investment Trust, has listed its units on the National Stock Exchange, unlocking value and growth potential.
This successful listing marks a significant breakthrough in IL&FS’ debt resolution journey, following the recent completion of an interim distribution of Rs 5,000 crore to its creditors.
The IL&FS InvIT has an enterprise valuation of Rs 8,592 crore and comprises six underlying road assets, aggregating 685.16 km across six states in India.
Nand Kishore, Chairman and Managing Director of IL&FS Group, stated, “The successful listing of IL&FS InvIT represents an innovative resolution option, ensuring efficient resolution while maximizing returns for our road assets.”
Danny Samuel, Chief Executive Officer of Roadstar Investment Managers Limited, added, “The listing offers a new platform for risk-averse investors interested in the alternative investment sector, and we remain dedicated to optimally managing the Trust’s assets.”
IL&FS has discharged Rs 43,000 crore of its total debt, representing 70% of its debt resolution target of Rs 61,000 crore.
