JITF Urban Infrastructure Services Limited (JUISL), the unlisted material subsidiary of JITF Infralogistics Ltd had entered into a Strategic Investment Agreement on July 16, 2018 with Techno mechanical Services Private Limited (TSPL) to transfer up to 49% (Forty Nine Percent) shareholding in its wholly Owned subSidiary i.e. JWIL Infra Limited ("JWIL") (formerly JITF Water Infrastructure Limited) to TSPL which did not materialize.
Further, JITF Urban Infrastructure Services Limited, the unlisted material subsidiary of the Company has entered into a Share Purchase Agreement on 16th September 2019 with Glebe Trading Private Limited (GTPL), one of the promoter group company to transfer up to 49% (Forty Nine Percent) shareholding in its wholly owned subsidiary i.e. JWIL Infra Limited to GTPL.
The material unlisted subsidiary of the Company i.e. JUISL, shall continue to hold 51% (Fifty One Percent)of the paid-up share capital of JWIL along with the right to appoint the majority of directors of the JWIL including the right to appointment of the independent director in accordance with the SEBI LODR Regulations.
Shares of JITF Infralogistics Ltd was last trading in BSE at Rs.7.85 as compared to the previous close of Rs. 7.75. The total number of shares traded during the day was 1040 in over 12 trades.
The stock hit an intraday high of Rs. 7.95 and intraday low of 7.7. The net turnover during the day was Rs. 8219.