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IL&FS Transportation Networks informs about divestment of stake in subsidiary company

11 Feb 2016 Evaluate

IL&FS Transportation Networks has informed that the Company along with its subsidiary has sold 49% equity stake in Rapid MetroRail Gurgaon, a subsidiary of the Company at a price of Rs 17 per share for an aggregate consideration of Rs 509.90 Crs.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Larsen & Toubro 3654.10
Kalpataru Projects 1344.15
NCC 127.60
Rail Vikas Nigam 194.50
KEC International 343.35
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