IL&FS Transportation Networks has informed that the Board of Directors of the Company at its meeting held on May 13, 2016, has considered and recommended a dividend of Rs 2 per share (20%) for the year ended March 31, 2016 on 328,960,027 Equity Shares of Rs 10 each subject to approval of the Shareholders at the ensuing Annual General Meeting, and seeking approval of shareholders for raising of funds by issue of Non-Convertible Debentures from time to time to the extent of Rs 2,500 Crores.
The above information is a part of company’s filings submitted to BSE.
