India: IL&FS Transportation sells 49% stake in Rapid MetroRail Gurgaon for $75m

India: IL&FS Transportation sells 49% stake in Rapid MetroRail Gurgaon for $75m

IL&FS Transportation Networks Ltd has sold its 49 per cent stake in subsidiary Rapid MetroRail Gurgaon Ltd for Rs 509.90 crore ($75.2 million), according to a stock market disclosure.

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