IL&FS Transportation sells equity in SPV for Rs 13.43 billion

IL&FS Transportation Networks has sold the entire equity stake it held in Jorabat Shillong Expressway Limited (JSEL), a wholly-owned subsidiary to Sekura Roads for Rs 13.43 billion. With this transaction, all the liabilities have been adjusted. JSEL operates a four-lane highway from Jorabat to Shillong on NH-40. It connects Shillong, Mizoram and Tripura with Guwahati.