IL&FS Transportation Networks concludes sale its stake in Moradabad Bareilly Expressway

Image
Capital Market
Last Updated : Dec 25 2021 | 11:31 AM IST
IL&FS Transportation Networks announced that the company has received the final consideration in the form of 5,91,04,536 units of Rs 100/- each issued by the Roadstar Infra Investment Trust and Rs 59/- in cash and transferred the 18,95,19,309 equity shares (85.50% of paid up capital) of Moradabad Bareilly Expressway (MBEL) to the account of Roadstar on 24 December 2021. Pursuant to the sale, MBEL has ceased to be the subsidiary of the Company.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 25 2021 | 10:18 AM IST

Next Story