IL&FS Transportation Networks has defaulted on dividend payment of Rs 7.12 crore due on redemption of cumulative non-convertible redeemable preference shares, because of insufficient funds. The dividend of Rs 7.12 crore was due for the period between April 1, 2017 to December 23, 2018.
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.
