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.
