IL&FS Transportation Networks, a road development arm of infrastructure development and finance major IL&FS, has proposed to raise Rs 3,500 crore by issuing non-convertible debentures (NCDs) on a private placement basis in one or more tranches. A resolution for the same is to be approved at company’s AGM scheduled on August, 29 2017.
IL&FS Transportation Networks is an India-based surface transportation infrastructure company.