IL&FS Transportation Secures ₹54.29 Billion From CNTL Asset Sale To Cube Highways

Unknown Apr 02, 2026 900 Views

IL&FS Transportation Networks Ltd has finalized the sale of its Chenani-Nashri Tunnelway Ltd (CNTL) asset to Cube Highways for ₹54.29 billion. The transaction, approved by the National Company Law Tribunal (NCLT), marks a major milestone in IL&FS’s ongoing debt resolution process and infrastructure monetization strategy.