IL&FS

The sale of the IPTF has successfully resolved IL&FS Group debt outstanding to the tune of Rs 757.79 crore through this transaction. The IL&FS stake in Prime Terminals FZC was held through IL&FS Maritime Infrastructure Company Ltd (IMICL). VTTI has acquired this state-of-the art energy storage terminal situated in Fujairah (the UAE) from IMICL and other shareholders.