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IL&FS Transportation touches roof on entering into SPA with Sekura Roads

14 Dec 2020 Evaluate

IL&FS Transportation Networks is currently trading at its upper circuit limit of Rs. 2.14, up by 0.10 points or 4.90% from its previous closing of Rs. 2.04 on the BSE.

The scrip opened at Rs. 2.14 and has touched a high and low of Rs. 2.14 and Rs. 2.14 respectively. So far 122766 shares were traded on the counter.

The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 2.35 on 03-Jan-2020 and a 52 week low of Rs. 0.81 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 2.14 and Rs. 1.70 respectively.

The promoters holding in the company stood at 73.22%, while Institutions and Non-Institutions held 0.76% and 26.03% respectively.

IL&FS Transportation has entered into a Share Purchase Agreement (SPA) with Sekura Roads, to sell and transfer the entire equity shareholding held by the Company in Jorabat Shillong Expressway (JSEL), a wholly owned subsidiary of the Company. The transaction is subject to receipt of approvals from National Company Law Tribunal and National Highways Authority of India.

IL&FS Transportation Networks is an India-based surface transportation infrastructure company.

Peers
Company Name CMP
Larsen & Toubro 3770.00
Kalpataru Projects 1376.45
NCC 130.30
Rail Vikas Nigam 203.00
KEC International 390.40
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