IL&FS Transportation board approves Rs. 2.25 billion debentures

By Tali Rackner

Norfolk, Va., April 28 – IL&FS Transportation Networks Ltd. informed the Bombay Stock Exchange that its committee of directors met on Monday and approved the allotment of 2,250 rated unlisted redeemable non-convertible debentures of the face value of Rs. 1 million each.

The total allotment is Rs. 2.25 billion, to be issued on a private placement basis.

With this new issue, the company has issued and allotted 23,550 of the debentures, totaling Rs. 2,355,000,000.

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

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