The decision to form a sub-panel was taken in its board meeting held on 28 June, Infrastructure Leasing & Financial Services Ltd (IL&FS) said in a statement. During the meeting, IL&FS board reviewed the progress on divestment of all domestic and foreign assets outlined in its resolution framework. The board has decided to constitute a six-member empowered committee, including four directors Vineet Nayyar, C.S. The board decided to empower the panel to take necessary steps to enhance enterprise value of assets under divestment. It further said the board also decided to allow the bidders for toll road assets to jointly monitor traffic data and assess revenue stream.

Source: Mint June 30, 2019 10:52 UTC