IL&FS Transportation Networks defaults Rs 2.26 crore NCDs interest payment

05 Sep 2019

IL&FS Transportation Networks has defaulted in payment of interest due of Rs 2.26 crore on non-convertible debentures (NCDs) because of insufficient funds. The period for which the interest was due on NCDs is from May 30, 2019 to August 29, 2019 (92 days).

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.

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