IL&FS Transportation board approves Rs. 1.51 billion of debentures

By Tali Rackner

Minneapolis, Oct. 31 – IL&FS Transportation Networks Ltd. informed the Bombay Stock Exchange that its committee of directors met on Monday and approved the allotment of 1,505 unsecured redeemable nonconvertible debentures with a face value of Rs. 1,000,000 each.

The total allotment of the rated and listed debentures is Rs. 1,505,000,000, to be issued in two series on a private placement basis.

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

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