IL&FS Transportation Networks Ltd secured approval to issue units of the Roadstar Infra Investment Trust, aiming to list by December. Road assets with an enterprise value of Rs 8,000 to Rs 8,500 crore will be part of the trust. Units will be allocated to Roadstar Infra Private Ltd and IL&FS creditors, offering returns from toll collections and annuities.

IL&FS Transportation gets bourses’nod to issue units of roadstar InvIT

Revised financial statements of two IL&FS group firms, IL&FS Transportation and IL&FS Financial Services, for the financial years 2013 to 2018 have been submitted before the National Company Law Tribunal (NCLT).

Revised financial statements of 2 IL&FS group firms submitted before NCLT

“Further, IL&FS Transportation Networks is allowed to execute, implement and give effect to the terms of the proposed share purchase agreement as set out in Annexure 25 with Axis Trustee Services Limited and Roadstar Investment Managers,” the order added.

NCLT Allows IL&FS Transportation Networks To Offload Shares In An Expressway Project

The scam hit IL&FS Transportation Networks Limited said it has entered into a Restated Share Purchase Agreement with Sekura Roads Private Limited to sell and transfer the entire equity shareholding held by it in Jorabat Shillong Expressway Limited for a consideration of ₹1,343 crore towards settleme…

IL&FS Transportation to sell JSEL expressway project for ₹1,343 crore, equity value ₹1

In its complaint to the CBI, which became the basis for the FIR, the Canara Bank has alleged that the accused misappropriated the sanctioned credit facilities through cheating, diversion of funds, circular transactions between related and sister concerns and misrepresentation of books of income and …

CBI books IL&FS Transportation Limited for ‘causing loss’ of over Rs 6,524 Cr to Canara Bank-led consortium

The CBI has alleged that the accused caused a wrongful loss, amounting to Rs 6,524 crore, to the consortium and wrongfully enriched themselves

CBI Books IL&FS Transportation Limited for ‘Causing Loss’ of Over Rs 6,524 Cr to Canara Bank-led Consortium

For its business, the company had availed itself of various credit facilities under the multiple banking arrangement.

CBI registers ₹6,524-crore loan ‘fraud’ case against IL&FS Transportation Network and others

CBI Books IL&FS Transportation: The fraud done by IL&FS Transportation Network Ltd (ITNL) and its directors came to light in 2018 after the National Company Law Tribunal (NCLT) appointed a new board of directors

CBI files case against IL&FS Transportation Network for defrauding 19 banks

Buzzing stocks: Adani Enterprises, Adani Transmission, Hero MotoCorp, Sonata Software, GI Engineering, Rainbow Children’s, Max Healthcare, IL&FS Transportation

Stocks to watch on May 15, 2023

The companies are -IL&FS Transportation Networks, Rapid Metro Rail Gurgaon South, Rapid Metro Rail Gurgaon and IL&FS Wind Energy. According to IL&FS spokesperson, over 75 per cent of this money will be distributed to creditors of three large holding companies - IL&FS, IFIN and ITNL - which have a la…

NCLAT directs distribution of Rs 16,361 cr to IL&FS creditors on pro-rata basis

The proceeds of the sale of Sikar Bikaner Highways will be received in the form of units of the Roadstar Infra Investment trust

IL&FS Transportation Networks sells subsidiary for ₹375 crore

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

IL&FS Transportation Networks Limited is a surface transportation infrastructure company. It is engaged in developing, designing, operating, maintaining and facilitating surface transportation infrastructure projects across India and overseas.