Mumbai: Troubled infrastructure financier Infrastructure Leasing and Financial Services will sell its Chinese road asset for nearly Rs 2074 crore to PingAn Insurance (Group) Company of China , two people familiar with the development said. This sale will help resolve debt worth Rs 2500 crore. The group has also received approval from Supreme Court Justice (Retd) D K Jain to sell its Chinese JV Road Asset – Chongqing Yuhe Expressway Co Ltd (CYEC) – to PingAn. PingAn Group is amongst the largest financial services companies in the world. IL&FS owns 49% in the asset through a Singapore subsidiary ITNL International…
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