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IL&FS Transportation gains on entering into SPA with Elsamex SA

16 Dec 2016 Evaluate

IL&FS Transportation Networks is currently trading at Rs. 103.45, up by 0.90 points or 0.88% from its previous closing of Rs. 102.55 on the BSE.

The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 104.35 and Rs. 103.00 respectively. So far 28,171 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 117.15 on 26-Oct-2016 and a 52 week low of Rs. 64.00 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 106.70 and Rs. 99.50 respectively. The current market cap of the company is Rs. 3,403.09 crore.

The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 7.79% and 19.00% respectively.

IL&FS Transportation Networks has decided to acquire all the equity investments held by Elsamex SA & its Group Companies (Elsamex SA) in their Indian subsidiaries. This step has been taken as part of company’s internal restructuring exercise.

Consequently, the company has entered into Share Purchase Agreements (SPA) dated December 15, 2016 with Elsamex SA & its Group Companies for purchase of 100% equity stake held in India i.e. Elsamex Maintenance Services, Elsamex India, Yala Construction Company and Grusamar India, at an aggregate consideration of Rs 140.95 crore. The completion of transaction and payment of consideration is contingent upon receipt of necessary approvals and fulfillment of certain conditions precedents.

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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