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IL&FS Transportation to raise Rs 1,000 crore via preferential issue

16 Aug 2013

In a bid to meet its capex needs and repayment of debt, IL&FS Transportation Networks is planning to raise Rs 1,000 crore through issue of preference shares. The company will also use the raised amount for funding capital requirements of subsidies or associate companies or joint ventures and for working capital requirements.

IL&FS Transportation Networks has been involved in the development, operation and maintenance of national and state highways, roads (including urban roads), flyovers and bridges in Andhra Pradesh, Delhi, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Kerala, Jharkhand and Rajasthan.

Related IL&FS Transportation Networks Ltd. Links:

IL&FS Trans &Network Share Price

3.82 -0.19 (-4.74%) Oct 21, 18:01
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1805.60
Rail Vikas Nigam 35.90
KEC International 464.45
NCC 78.05
Ircon International 47.55
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Sensex vs IL&FS Trans &Network
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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