March 15, 2022

General Manager

Vice President

Listing Department

Listing Department

BSE Limited,

National Stock Exchange of India Limited

P.J. Tower, Dalal Street,

'Exchange Plaza', Bandra Kurla Complex,

Mumbai 400 001

Bandra (East), Mumbai - 400 051

Scrip Code No: 533177

Scrip Code No: IL&FSTRANS EQ

Dear Sir/Madam,

Sub: Intimation of execution of Share Purchase Agreement for sale of equity shares held in Sikar Bikaner Highways Limited, a wholly owned subsidiary of the Company

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we hereby inform that the Company has today entered into a Share Purchase Agreement ("SPA") with Axis Trustee Services Limited (as the trustee of Roadstar Infra Investment Trust ("the Trust")) and others to sell and transfer 12,40,50,000 equity shares representing 100% of its paid-up capital of Sikar Bikaner Highways Limited, a wholly owned subsidiary of the Company for a consideration of Rs. 375,49,77,356 to be received in the form of units of the Trust.

In addition to the above, the Company has also assigned its debts owed to Sikar Bikaner Highways Limited of Rs. 207,81,19,081 by executing a Deed of Assignment with Axis Trustee Services Limited against which a consideration to the equivalent amount is to be received in the form of units of the Trust.

The details of sale as required under Regulation 30 of the SEBI Listing Regulations read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is attached herewith as Annexure A.

This is for your information and records.

Thanking you,

Yours faithfully,

For IL&FS Transportation Networks Limited

Krishna Ghag

Vice President &

Company Secretary

Annexure A

Sale or disposal of unit(s) or division(s) or subsidiary of the listed entity.

Sr.

Particulars

Description

No.

1.

The amount and percentage of the

In FY 2017-18, the total revenue of

turnover or revenue or income and net

Sikar

Bikaner

Highways Limited

worth contributed by such unit or

was Rs. 54.07 Crore which is 0.55%

division of the listed entity during the

% of the Consolidated Revenue of

last financial year;

Rs. 9,778.92 Crore of the Company

during that year.

Since the consolidated financials for

the previous financial year are not

available,

the

information

is

provided for FY 2017-18.

2. Date on which the agreement for sale

March 14, 2022

has been entered into;

3.

The expected date of completion of

March 31, 2022

sale/disposal;

4. Consideration to be received from

(i)

Rs. 375,49,77,356/-

sale/disposal of (i) equity shares and

(ii)

Rs. 207,81,19,081/-

(ii) assignment of debt

5. Brief details of buyers and whether any

Roadstar

Infra

Investment

Trust

of the buyers belong to the promoter/

("the Trust")is registered with SEBI

promoter group/group companies. If

under

SEBI

(Infrastructure

yes, details thereof;

Investment Trust) Regulations. Axis

Trustee Services Limited has been

appointed as the Trustee of the

Trust.

6. Whether the transaction would fall

The transaction does not fall within

within related party transactions? If

the related party. However, the same

yes, whether the same is done at "arm's

has been done at arm's length basis

length"

with valuation carried out by 2

Independent Valuers.

7. Additionally, in case of a slump Not Applicable sale, indicative disclosures provided

for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale.

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IL&FS Transportation Networks Ltd. published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 13:51:03 UTC.