IL&FS Transportation Networks has received approval from its board to allot 990 Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 on a private placement basis. The meeting of the Board of Directors of the company held on May 25, 2018, 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.
