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
533177
INE975G01012
Real Estate Development & Operations
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
4.01 INR | -0.74% | -6.31% | -16.63% |
1st Jan change | Capi. | |
---|---|---|
-16.63% | 15.91M | |
+5.71% | 27.56B | |
+32.04% | 27B | |
-11.84% | 26.05B | |
+9.59% | 22.61B | |
+35.64% | 21.55B | |
+9.74% | 21.41B | |
-5.30% | 17.88B | |
+4.34% | 17.31B | |
+26.70% | 15.52B |
- Stock Market
- Equities
- 533177 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.