IL&FS Transportation Networks Ltd approves issue of Non-Convertible Debentures

The Committee of Directors of IL&FS Transportation Networks Ltd approved the allotment of 1,250 Rated, Listed, 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 November 21, 2014.

The Company had earlier issued 14,250 Debentures of Rs. 10,00,000 each aggregating Rs. 1,425 Crores. With the aforesaid allotment, the Company has as of date issued and allotted 15,500 Debentures of Rs. 10,00,000 each aggregating to Rs. 1,550 Crores.

Shares of IL&FS Transportation Networks Ltd was last trading in BSE at Rs.189.85 as compared to the previous close of Rs. 189.55. The total number of shares traded during the day was 6539 in over 412 trades.

The stock hit an intraday high of Rs. 192.45 and intraday low of 189.2. The net turnover during the day was Rs. 1243989.

Source : Equity Bulls

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