New Delhi, Nov 20: Debt-ridden Infrastructure Leasing & Financial Services on Thursday said it has transferred shares of its subsidiary Chenani-Nashri Tunnelway to Cube Highways & Infrastructure for Rs 6,145 crore.

Infrastructure Leasing & Financial Services(IL&FS), in a statement, said Chenani Nashri Tunnelway Limited (CNTL) is among the biggest assets under its road portfolio.

“As part of the transaction, Cube (Cube Highways & Infrastructure II Pte Ltd) will make payment of an aggregate value of Rs 6,145 crore, including settlement of approximately Rs 5,454 crore of debt by a consortium of public and private sector banks, financial institutions and corporates,” it added.

According to the statement, IL&FS has completed the transfer of shares of CNTL to Cube, and with this transfer, CN

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