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IL&FS Transportation Networks to sell entire shareholding in JSEL

20 Oct 2023 Evaluate

IL&FS Transportation Networks has entered into a Restated Share Purchase Agreement (SPA) on October 19, 2023 (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 for a consideration of Rs 1,343 crore (subject to adjustments in accordance with the terms of the SPA) towards settlement of liabilities of JSEL aggregating Rs 1,621 crore and Re 1 towards equity value. Further, all the liabilities of JSEL has been adjusted against the Enterprise Value of Rs 1,343 crore.

IL&FS Transportation Networks is an established surface transportation infrastructure company and is one of the largest private sector BOT road operators in India. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance.

IL&FS Trans &Network Share Price

2.60 0.11 (4.42%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
Kalpataru Projects 1274.45
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