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IL&FS Transportation Networks to raise Rs 150.50 crore on private placement basis

01 Nov 2017 Evaluate

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.

Peers
Company Name CMP
Larsen & Toubro 3654.10
Kalpataru Projects 1344.15
NCC 127.60
Rail Vikas Nigam 194.50
KEC International 343.35
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