Roadstar Infra Investment Trust Fund managed by Roadstar Infra Private Limited entered into a Share Purchase Agreement to acquire 50% stake in Thiruvananthapuram Road Development Company Limited from IL&FS Transportation Networks Limited (BSE:533177) for INR 400 million on December 6, 2022. Consideration to be received from sale of equity shares is INR 1 and assignment of debt is INR 400.17 million. IL&FS has also assigned its Receivables amounting to INR 1,395,530,017 owed to Thiruvananthapuram Road Development Company Limited (TRDCL) to Roadstar Infra Investment Trust at INR 400,170,570 by executing a Deed of Assignment with Axis Trustee Services Limited (as the Trustees) against which a consideration to the equivalent amount is to be received in the form of units of the Trust.
IL&FS Transportation Networks Limited
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- Roadstar Infra Investment Trust Fund managed by Roadstar Infra Private Limited entered into a Share Purchase Agreement to acquire 50% stake in Thiruvananthapuram Road Development Company Limited from IL&FS Transportation Networks Limited for INR 400 million.