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Private sector lender, ICICI Bank increased its stake in IL&FS Engineering and Construction by 5.36% for Rs 29 crore. The bank acquired the shares post restructuring through the CDR mechanism.

Earlier, ICICI Bank had 1.49% stake or 11.61 lakh shares in the company. After the transaction held on October 1, the bank now has 6.85% stake or 59.71 lakh shares.

IL&FS Engineering and Construction Company is engaged in infrastructure development, construction and project management. The company has undertaken projects in segments such as roads/ expressways/ highways, buildings and industrial structures, irrigation canals and dams and thermal and hydel power.

Peers
Company Name CMP
Larsen & Toubro 3699.00
Kalpataru Projects 1456.60
NCC 126.90
Rail Vikas Nigam 196.00
KEC International 362.35
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