IL&FS Transportation Networks Ltd allots Non-Convertible Debentures worth Rs. 125 crores

The Committee of Directors of IL&FS Transportation Networks Ltd approved the allotment of 1,250 Rated, Unlisted, Redeemable, Non-Convertible Debentures (the "Debentures") of the face value of Rs. 10,00,000 aggregating to Rs. 125 Crores on a private placement basis on October 21, 2014.

The Company had earlier issued 13,000 Debentures of Rs. 10,00,000 each aggregating Rs. 1,300 Crores. With the aforesaid allotment the Company has as of date issued and allotted 14,250 Debentures of Rs. 10,00,000 each aggregating to Rs. 1,425 Crores.

Shares of IL&FS Transportation Networks Ltd was last trading in BSE at Rs.179.2 as compared to the previous close of Rs. 169. The total number of shares traded during the day was 73548 in over 2298 trades.

The stock hit an intraday high of Rs. 183.8 and intraday low of 171.6. The net turnover during the day was Rs. 13207107.

Source : Equity Bulls

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