IL&FS transfers two more road assets worth Rs 976 crore to Roadstar Invit

With this, secured lenders of both the assets, which include Punjab National Bank, Union Bank, Indian Overseas Bank, Deutsche Bank, JP Morgan and L&T Infra Credit, with combined debt of over Rs 630 crore, will get 100 per cent recovery through restructuring of their debt under Invit. Besides, group creditors (IFIN, ITNL, IL&FS) will receive Invit units as settlement of their dues, which will subsequently be transferred to the lenders of the group creditors as a resolution of their debt.