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

Updated: November 20, 2025 15:49

Image Source : IL&FS Transportation Networks Limited

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.

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