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

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

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

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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

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Buzzing Stocks | IL&FS Transportation Networks, One 97 Communications, Infibeam Avenues, others in news today

Built at a cost of ₹638 crore, the highway project has a concession period of 30 years which ends in January 2041

IL&FS Transportation Networks sells stake in Warora-Ballarpur toll road

The final consideration for sale of shares is Rs5,76,77,90,029/- and adjusted final consideration for assignment of receivables is Rs14,26,63,630/-.

IL&FS Transportation Networks completes sale of MBEL to Roadstar InvIT

Buzzing stocks: RBL Bank, Paytm, Lupin, Adani Transmission, Ashoka Buildcon, Suzlon, IL&FS Transportation, Prestige L&T, Prestige Estates Projects, GMR

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Hasn't faired 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.