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JITF Infralogistics’ arm enters into agreement with TSPL

17 Jul 2018 Evaluate

JITF Urban Infrastructure Services (JUISL), the unlisted material subsidiary of JITF Infralogistics has entered into a strategic investment agreement on July 16, 2018 with Technomechanical Services (TSPL) pursuant to which JUISL has agreed to transfer up to 49% shareholding in its wholly owned subsidiary i.e. JITF Water Infrastructure (JWIL) to TSPL or its designated representatives in one or more tranches upon fulfilment of condition precedents.

The material unlisted subsidiary of the company i.e. JITF Urban Infrastructure Services (JUISL), shall continue to hold 51 % of the paid-up share capital of JWIL along with the right to appoint the majority of directors of the JWIL including the right to appointment of the independent director in accordance with the SEBI LODR Regulations.

JITF Infralogistics (JIL) is redefining existing norms in the areas of Water, Wastewater & Solid Waste Management, Logistics and Transportation Equipment Fabrication. Through its subsidiaries, JIL is involved in laying a strong foundation for a secure and sustainable future.

JITF Infralogistics Share Price

338.00 -3.30 (-0.97%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Syngene Internation. 435.70
Indegene 486.80
CMS Info Systems 318.00
JITF Infralogistics 338.00
Sagility 42.95
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