Infrastructure Leasing & Financial Services Limited (IL&FS) has published a Request for Expressions of Interest (RFEOI) for the acquisition of its domestic road assets. These include:

• Seven operating annuity based road projects in various parts of India aggregating approximately 1,774 lane kms;
• Eight operating toll based road projects in various parts of India aggregating approximately 6,572 lane kms;
• Four under construction road projects in various parts of India which would aggregate approximately 1,736 lane kms upon completion; and
• EPC & O&M businesses of the company's transport subsidiary IL&FS Transportation Networks Limited
• A sports complex in Thiruvananthapuram

The proposed acquisition may be carried out in packages, individually or as a single undertaking comprising all offered assets and businesses. IL&FS has engaged Arpwood Capital Private Limited and JM Financial Limited to assist in the sale.

The potential transaction(s) are an integral part of the company’s asset divestment plan, which was submitted to the National Company Law Tribunal in October, following the company's accumulation of over INR910 billion (US$12.6 billion) debt and collapse. Asset divestment is expected to reduce the company's overall debt by INR300 billion (US$4.2 billion).

The submission deadline for the RFEOI is 8 January 2019.