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.
