IL&FS

IL&FS to take control of Maytas

IL&FS to take control of Maytas

Maytas Properties will now hand over the controlling stake to IL&FS. The decision has been given a nod by the company law board. Maytas properties is a company promoted by the ex Satyam chairman B Ramalinga Raju' family.

The formalities have started for handing over the controlling stake of Maytas Properties to IL&FS.

IL&FS Transportation reports 12.4% premium on Listing Day

IL&FS Transportation reports 12.4% premium on Listing Day

Transport infrastructure firm IL&FS Transportation Networks Ltd (ITNL) reported a decent premium on its first appearance on the Bombay Stock Exchange (BSE). The company registered 12.4% premium on Tuesday and its stocks touched the highest level of Rs295 against the issue price of Rs258.

The firm raised Rs700 crore through its Initial Public Offer, taking advantages of the improved market sentiments. Investors are apparently taking signs of recovery in the infrastructure and allied sectors as indicated by robust performance by ARSS Infra and Man Infra construction.

IL&FS Transportation Plans to Raise Rs 700 cr, IPO to Opens on March 11

IL&FS Transportation Plans to Raise Rs 700 cr, IPO to Opens on March 11India's IL&FS Transportation Networks Ltd. is revealed to be in plans to raise 7 billion rupees ($154 million) through an initial public offering of 4.28 million shares.

The company today in a statement announced that its Rs. 7 billion initial public offer (IPO) will open on March 11, and close on March 15.

IL&FS arm buys Spain-based Elsamex SA for Euro 50 million

Infrastructure Leasing and Financial Services (IL&FS) has informed that company’s subsidiary, IL&FS Transportation Networks (ITNL), has acquired Spain-based Elsamex SA for EUR 50 million.

Elsamex is a world leader and specialist in the areas of comprehensive road maintenance, operation and management of road systems and development of toll road support systems with more than 7,000 kms under contract.