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IL&FS Transportation today announced raising of Rs 125 crore through private placement of debentures.
“The Committee of Directors approved the allotment of 1,250 rated, listed, redeemable, non-convertible debentures of face value of Rs 10,00,000 aggregating Rs 125 crore on a private placement basis on May 8,” IL&FS Transportation Networks Ltd said in a regulatory filing.
The company had earlier issued 23,550 debentures of Rs 10,00,000 each aggregating to Rs 2,355 crore, it added.
“With the aforesaid allotment, the company has as of date issued and allotted 24,800 debentures of Rs 10,00,000 each aggregating Rs 2,480 crore,” it said.
The company’s scrip was trading at 160.85, down 2.04 per cent, on the BSE.
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