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EoIs sought to sell IL&FS Enviro & Infra Services
Highlights
Crisis-hit IL&FS has sought expressions of interest (EoI) for the acquisition of IL&FS Environmental & Infrastructure Services Ltd and its subsidiaries.
Mumbai: Crisis-hit IL&FS has sought expressions of interest (EoI) for the acquisition of IL&FS Environmental & Infrastructure Services Ltd and its subsidiaries.
Calling for bidders, IL&FS in a notification on Tuesday said that it has received a binding offer to buyout IEISL which would have to go through a bidding process.
"Infrastructure Leasing and Financial Services Ltd (IL&FS), the promoter of IEISL has received a binding offer from a prospective buyer for acquisition of 100 per cent stake in IEISL, which will be subject to a bid process akin to the 'Swiss Challenge Method'.
Expressions of Interest are invited from potential bidders for the prospective transaction," the notification inviting EoIs said.
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