IL&FS Transportation Networks has informed that the Board of Directors of the Company at its meeting held on August 26, 2015, the proposal for issue of equity shares of the face value of Rs 10 each of the Company to the existing shareholders of the Company on a rights basis (‘Rights Issue’) up to Rs 750 Crores was approved subject to all applicable statutory and regulatory approvals. The terms and conditions of the Rights Issue including the rights entitlement ratio, the issue price, issue size, record date, timing of the issue and other matters shall be decided in consultation with the Lead Managers to the Rights Issue.
The above information is a part of company’s filings submitted to BSE.
