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
Equities
IL&FSTRANS
INE975G01012
Real Estate Development & Operations
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
4.1 INR | +2.50% | +1.49% | -14.76% |
1st Jan change | Capi. | |
---|---|---|
-14.76% | 15.75M | |
+28.74% | 27.05B | |
-3.93% | 26.56B | |
-15.33% | 25.79B | |
+17.84% | 25.12B | |
+6.98% | 21.52B | |
+31.86% | 21.35B | |
-2.40% | 18.22B | |
+44.42% | 17.56B | |
+3.33% | 17.06B |
- Stock Market
- Equities
- IL&FSTRANS Stock
- News IL&FS Transportation Networks Limited
- 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.