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IL&FS Transportation Networks sells entire equity stake in JSEL

17 Nov 2023 Evaluate

IL&FS Transportation Networks has sold the entire equity stake it held in Jorabat Shillong Expressway (JSEL) to Sekura Roads for Rs 1,343 crore. JSEL was a wholly-owned subsidiary of IL&FS Transportation Networks. Further, all the liabilities of JSEL have been adjusted against the EV (enterprise value) of Rs 1,343 crore. Jorabat Shillong Expressway operates a four-lane highway from Jorabat to Shillong on NH-40. It connects Shillong, Mizoram and Tripura with Guwahati. 

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.

Peers
Company Name CMP
Larsen & Toubro 3654.10
Kalpataru Projects 1344.15
NCC 127.60
Rail Vikas Nigam 194.50
KEC International 343.35
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