IL&FS Transportation Networks is currently trading at Rs. 147.20, up by 0.40 points or 0.27% from its previous closing of Rs. 146.80 on the BSE.
The scrip opened at Rs. 147.00 and has touched a high and low of Rs. 149.00 and Rs. 146.50 respectively. So far 124012 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 232.60 on 06-Aug-2014 and a 52 week low of Rs. 137.25 on 16-Jun-2015.
Last one week high and low of the scrip stood at Rs. 150.00 and Rs. 139.00 respectively. The current market cap of the company is Rs. 3648.99 crore.
The promoters holding in the company stood at 70.79% while Institutions and Non-Institutions held 10.16% and 19.05% respectively.
IL&FS Transportation Networks is planning to raise up to Rs 1,000 crore to augment its long-term resources and would seek shareholders’ approval for the proposal. The issue would be subject to shareholders’ nod in its Annual General Meeting (AGM) scheduled for August 26 and the prevailing market conditions and other relevant considerations.
The company intends to deploy the net proceeds from the issue post payment of related fees and expenses for augmenting long-term finance for funding growth and capital expenditure, capital requirement of its arms or JVs, working capital requirement and general corporate purpose.
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.
