IL&FS Transportation shines on plan to raise Rs 425 crore on private placement basis

31 Mar 2016

IL&FS Transportation Networks is currently trading at Rs. 70.25, up by 1.65 points or 2.41% from its previous closing of Rs. 68.60 on the BSE.

The scrip opened at Rs. 70.45 and has touched a high and low of Rs. 71.00 and Rs. 69.45 respectively. So far 11454 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 197.15 on 08-Apr-2015 and a 52 week low of Rs. 64.00 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 74.10 and Rs. 67.60 respectively. The current market cap of the company is Rs. 2256.67 crore.

The promoters holding in the company stood at 73.22% while Institutions and Non-Institutions held 9.40% and 17.39% respectively.

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.

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IL&FS Trans &Network Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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