IL&FS Transportation Directors Approve Plan to Raise Rs 175 Crore via NCDs

IL&FS Transportation Directors Approve Plan to Raise Rs 175 Crore via NCDs March 31, 2018

New Delhi: IL&FS Transportation Networks Ltd on Friday said its committee of directors has approved the company’s plan to raise Rs 175 crore via issuance of non-convertible debentures (NCDs).

IL&FS Transportation Networks Limited (IL&FS Transportation) is a market leader in the transport infrastructure sector with presence also in metro rail, city bus services and border check-posts.

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“We wish to inform you the committee of directors had approved on March 28, 2018, the allotment of 1,750 rated, listed, redeemable, non-convertible debentures (NCDs) of face value of Rs 10,00,000 on private placement basis,” IL&FS Transportation said in a BSE filing.

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The company has an international footprint covering Spain, Portugal, and Latin America with the acquisition of Elsamex S.A., Spain-based highway operations and maintenance and allied services provider company.

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