International Leasing and Financial Services Limited (DSE:ILFSL) is selling its 49% stake in its joint venture with Chongqing Expressway Group Co., Ltd. The proposed sale is estimated to fetch as much as $170 million and has attracted interest from as many as 10 bidders comprising Chinese construction firms and toll road operators, said people directly aware of the matter. The divestment is part of IL&FS’s plan to sell ‘non-core’ assets to reduce the group’s consolidated debt which stood at close to INR 60,000 crore as on the close of the previous financial year, said the people quoted earlier.