IL&FS’ $141.6 Million Chinese Road Asset Sale

IL&FS' $141.6 Million Chinese Road Asset Sale

Cyril Amarchand Mangaldas advised IL&FS Financial Services Limited on the deal.

Leasing and Financial Services (IL&FS) has completed the sale of its 49% stake in a Chinese expressway project, that helped the company address debt worth Rs 2,600 crore.

Infrastructure Leasing & Financial ServicesLimited (IL&FS) is an Indian infrastructure development and finance company. 

The Cyril Amarchand Mangaldas team included partner L Viswanathan (Picture), partner Gaurav Gupte and partner Abhijeet Das, associate Aditya Sikka, associate Aishwarya Gupta, associate Drishti Das, and associate Misha Patel.

Involved fees earner: Aishwarya Gupta – Bharucha & Partners ; Abhijeet Das – Cyril Amarchand Mangaldas; Drishti Das – Cyril Amarchand Mangaldas; Gaurav Gupte – Cyril Amarchand Mangaldas; Misha Patel – Cyril Amarchand Mangaldas; Aditya Sikka – Cyril Amarchand Mangaldas; L Viswanathan – Cyril Amarchand Mangaldas;

Law Firms: Bharucha & Partners ; Cyril Amarchand Mangaldas;

Clients: Infrastructure Leasing and Financial Services (IL&FS);

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Sonia Carcano

Author: Sonia Carcano