IL&FS Transportation Networks moves up on inking agreement with Vistra ITCL India

02 Apr 2018
IL&FS Transportation Networks is currently trading at Rs. 61.00, up by 0.25 points or 0.41% from its previous closing of Rs. 60.75 on the BSE.

The scrip opened at Rs. 62.40 and has touched a high and low of Rs. 62.40 and Rs. 60.10 respectively. So far 18315 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.20 on 11-May-2017 and a 52 week low of Rs. 58.40 on 23-Mar-2018.

Last one week high and low of the scrip stood at Rs. 64.20 and Rs. 58.40 respectively. The current market cap of the company is Rs. 1998.43 crore.

The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 5.25% and 21.54% respectively.

IL&FS Transportation Networks has entered into an agreement with Vistra ITCL India, Trustee of IL&FS Infrastructure Incubation Trust for transfer of 41% equity stake comprising of 33,89,42,426 Equity shares at a consideration of Rs 372.84 crore held by the company in IL&FS Rail (IRL), a subsidiary of the company, which has developed and is operating Metro Rail Projects. The entire consideration will be received upon receipt of necessary approval and fulfillment of certain conditions precedent.

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.

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Puchho Befikar
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