India’s IL&FS Transportation board approves Rs. 1.25 billion debentures

By Tali Rackner

Norfolk, Va., Oct. 23 – IL&FS Transportation Networks Ltd. informed the Bombay Stock Exchange that its committee of directors met on Tuesday and approved the allotment of 1,250 rated unlisted redeemable non-convertible debentures of the face value of Rs. 1 million each.

The total allotment is Rs. 1.25 billion, to be issued on a private placement basis.

With this new issue, the company has as of date issued and allotted 14,250 debentures of Rs. 1 million each, totaling Rs. 14.25 billion.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.