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Prospect News home > News index > List of issuers I > Headlines for IL&FS Transportation Networks Ltd. > News item
Published on 3/23/2016 in the Prospect News Emerging Markets Daily.

IL&FS Transportation board approves Rs. 3.9 billion debentures

By Tali Rackner

Norfolk, Va., March 23 – IL&FS Transportation Networks Ltd. informed the Bombay Stock Exchange that its committee of directors met on Wednesday and approved the allotment of 7,800 rated unlisted redeemable nonconvertible debentures with a face value of Rs. 500,000 each.

The total allotment is Rs. 3.9 billion, to be issued on a private placement basis.

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


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