IL&FS Transportation Networks has received an approval for allotment of 4,250 Rated, Listed, Redeemable, Non-Convertible Debentures of the face value of Rs 10,00,000 aggregating to Rs 425 crore on a private placement basis. The Committee of Directors of the company at its meeting on March 30, 2016 has approved for the same.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The Company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis. It is a market leader in the Transport Infrastructure Sector with presence also in Metro Rail, City Bus Services and Border Check-posts.