IL&FS Transportation Networks has received an approval for the allotment of 1,505 Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures of the face value of Rs 10,00,000 aggregating to Rs 150.50 crore in two series on a private placement basis. The Committee of Directors of the company on October 30, 2017 approved 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.
