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IL&FS Transportation receives Rs 109.78 crore for 15% stake sale in GRICL

16 Jun 2016 Evaluate

IL&FS Transportation Networks has concluded the divestment of equity stake in Gujarat Road and Infrastructure Company (GRICL). MAIF Investments India (MAIF) has on June 15, 2016 remitted the consideration of Rs 109.78 crore towards sale of 83,13,800 equity shares of Rs 10 each by the company in GRICL. The company has also transferred the aforementioned equity shares in favour of MAIF.

The company had last month signed definitive agreement with MAIF for sale of 83,13,800 equity shares in GRICL, representing 15% of paid up equity capital of GRICL at an aggregate consideration of Rs 109.78 crore.

IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.


IL&FS Trans &Network Share Price

2.63 0.08 (3.14%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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