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IL&FS OKs Rs. 3.49 billion of debentures, set to discuss bonds
By Sarah Lizee
Olympia, Wash., Jan. 12 – India’s IL&FS Transportation Networks Ltd. informed the Bombay Stock Exchange that its committee of directors approved an allotment of Rs. 2 billion of redeemable nonconvertible debentures in two series and Rs. 1.49 billion of redeemable nonconvertible debentures in two series.
The rated and listed debentures, to be issues on a private placement basis, were approved in meetings held on Nov. 30 and Dec. 15, according to a notice.
In a separate notice, the company said its board of directors will meet on Thursday to consider an issue of rupee-denominated and dollar-denominated bonds.
IL&FS Transportation is a surface transportation infrastructure company based in Mumbai.
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