MoneyWorks4Me

IL&FS Transportation completes divestment of entire equity stake held in APEL

14 Mar 2017 Evaluate

IL&FS Transportation Networks (ITNL) has completed the divestment of entire equity stake held in Andhra Pradesh Expressway (APEL). The company had earlier executed a Share Purchase Agreement (SPA) with Cube Highways & Infrastructure, Singapore for sale of entire equity stake in APEL for an aggregate value of Rs 140.37 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.



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