IL&FS Transportation Networks Invites Expressions of Interest for Sale of Roadstar Infra Stake

Updated: November 12, 2025 18:45

Image Source : IL&FS Transportation Networks Limited

IL&FS Transportation Networks Ltd has officially invited expressions of interest from prospective buyers for its stake sale in Roadstar Infra. The move is part of IL&FS’s resolution strategy to monetize assets and reduce debt, offering a significant opportunity to acquire stakes in a portfolio of six road assets across India.

IL&FS Transportation Networks Ltd, the infrastructure arm of the debt-laden Infrastructure Leasing & Financial Services (IL&FS) group, has announced an invitation for expressions of interest (EOI) for the sale of its stake in Roadstar Infra. This strategic sale aligns with the group’s ongoing efforts to deleverage and optimize its portfolio.

Roadstar Infra Investment Trust (InvIT) holds six operational road assets spread across Maharashtra, Rajasthan, Uttar Pradesh, West Bengal, Jharkhand, and Kerala, comprising a mix of toll and annuity projects covering over 685 kilometers. The sale includes units of Roadstar Infra InvIT and shares of Roadstar Infra Private Limited, offering investors exposure to established infrastructure projects with stable cash flows.

The road assets include key projects such as the Moradabad Bareilly Expressway, Sikar Bikaner Highway, Pune Sholapur Road Development, Barwa Adda Expressway, Thiruvananthapuram Road Development, and Hazaribagh Ranchi Expressway. Four of these operate under National Highway Authority of India (NHAI) concession frameworks.

IL&FS had previously received National Company Law Tribunal (NCLT) approval for share transfers involving Roadstar Infra. The current expression of interest process is expected to attract infrastructure investors seeking long-term stable returns.

Key Highlights

IL&FS Transportation Networks invites EOIs for sale of stake in Roadstar Infra
Sale encompasses units in Roadstar Infra InvIT and shares in Roadstar Infra Pvt Ltd
Portfolio includes six road assets across six Indian states, totaling 685+ km
Assets comprise toll and annuity projects under NHAI and other government frameworks
The move is part of IL&FS group’s resolution and debt-reduction strategy
Roadstar Infra InvIT listed on NSE with enterprise valuation around ₹8,592 crore
Stable cash flow from operational infrastructure assets attracts investors seeking long-term investment

This strategic divestment highlights IL&FS’s continued asset monetization efforts as it navigates its resolution process while offering investment opportunities in India’s critical infrastructure space.

Source: NSE India, Economic Times, IL&FS official documents

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