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NEW DELHI: Crisis-hit IL&FS on Friday said it has received 14 binding bids for 10 road assets in its domestic roads transportation vertical. These assets account for total debt of over Rs 17,700 crore, which is nearly 19% of total debt of the group. It said there were multiple bidders for these assets.

These include one green, five amber and four red assets. The process for inviting binding bids for the road assets was launched through a public advertisement inviting expressions of interest. The comprehensive process included detailed due-diligence, in addition to organising site visits, across project sites spread across various states.

In another key development, the NCLT, Mumbai bench in a recent order cleared the sale of seven operating wind energy SPVs of the IL&FS group to ORIX, Japan for an equity value of approximately Rs 593 crore. In addition, ORIX has also agreed to taking over the entire SPV debt totalling approximately Rs 3,700 crore.

