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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 4185.30
Kalpataru Projects 1367.75
NCC 130.90
Rail Vikas Nigam 201.60
KEC International 333.70
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