IL&FS Transportation Networks has signed an agreement with Paranjape Group, a renowned group engaged in real estate development in Mumbai, Pune and other Metros (including development of SEZ) for transfer of its entire equity stake comprising of 20,00,000 Equity shares of Rs 10 each in RLHL, a subsidiary of the company having ownership of certain land parcels.
In consideration for the aforesaid transfer, the company is being issued Preference Shares worth Rs 150 crore by the project SPV. The equity stake of the SPV will be held by Paranjape Group and the company in the 2:1 ratio respectively. The transaction does not fall under the related party transactions nor is RLHL, a material subsidiary of the company.
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.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: