IL&FS Transportation Networks IPO to hit markets on March 11, 2010

Mumbai - March 8, 2010: IL&FS Transportation Networks Limited ("ITNL" or the "Company"), has filed its Red Herring Prospectus with the Registrar of Companies, Maharashtra at Mumbai on March 4, 2010 and the Issue opens on March 11, 2010 ("Issue Opening Date"), with an Initial Public Offering ("IPO") of equity shares of face value of Rs. 10 each ("Equity Shares") for cash at a price (including a share premium) aggregating up to Rs. 7,000 million (the "Issue").

The Issue consists of a fresh issue of Equity Shares by the Company ("Fresh Issue") and an offer for sale of 4,278,844 equity shares ("Offer for Sale") by Trinity Capital (Two) Limited (the "Selling Shareholder"). The Issue closes on March 15, 2010 ("Issue Closing Date").

The BRLMs are Enam Securities Private Limited, Nomura Financial Advisory and Securities (India) Private Limited and JM Financial Consultants Private Limited.

The Co-BRLMs are Avendus Capital Private Limited and SBI Capital Markets Limited.

IL&FS Transportation Networks Limited is proposing, subject to market conditions and other considerations, an initial public offering of its Equity Shares and has filed a Red Herring Prospectus ("RHP") with the Registrar of Companies, Maharashtra, at Mumbai. The RHP is available on the website of the Securities & Exchange Board of India ("SEBI") at www.sebi.gov.in; on the websites of the BRLMs at www.enam.com, www.nomura.com/asia/services/capital_raising/equity.shtml, www.jmfinancial.in; and that of the Co-BRLMs at www.avendus.com and www.sbicaps.com.

Source : Equity Bulls

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