IL&FS Transportation has raised Rs 125 crore through private placement of debentures. The Committee of Directors approved the allotment of 1,250 rated, listed, redeemable, non-convertible debentures of face value of Rs 10,00,000 aggregating Rs 125 crore on a private placement basis on May 8. The company had earlier issued 23,550 debentures of Rs 10,00,000 each aggregating to Rs 2,355 crore.
IL&FS Transportation Networks has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.
