IL&FS Transportation Networks has said it plans to raise Rs 750 crore via a rights issue to augment its long-term resources.
´The terms and conditions of the rights issue including the rights entitlement ratio, the issue price, issue size, record date, timing of the issue and other matters shall be decided in consultation with the lead managers to the rights issue,´ the company said in a stock exchange filing.
IL&FS Transportation, a wholly-owned subsidiary of Infrastructure Leasing and Financial Services Ltd (IL&FS), is one of the largest BOT (build, operate, transfer) road asset owner in India with approximately 13,100 lane km in its portfolio.
IL&FS Transport plans to raise Rs.750 crore through rights issue
Leave a Reply
You must be logged in to post a comment.