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Prospect News home > News index > List of issuers I > Headlines for IL&FS Transportation Networks Ltd. > News item
Published on 7/22/2014 in the Prospect News Convertibles Daily.

IL&FS Transportation board approves up to Rs. 10 billion convertibles

By Tali Rackner

Norfolk, Va., July 22 – IL&FS Transportation Networks Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday and approved the further issue of up to Rs. 10 billion of funds by way of convertible bonds or qualified institutional placements.

The board has yet to decide the timing, pricing and other details of the issue.

IL&FS Transportation is a surface transportation infrastructure company based in Mumbai, India.


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