New Delhi, Mar 30 (PTI) IL&FS Transportation Networks Ltd today said its committee of directors has approved the company’s plan to raise Rs 175 crore via issuance of non-convertible debentures (NCDs).

IL&FS Transportation Networks Limited (IL&FS Transportation) is a market leader in the transport infrastructure sector with presence also in metro rail, city bus services and border check-posts.

“We wish to inform you the committee of directors had approved on March 28, 2018, the allotment of 1,750 rated, listed, redeemable, non-convertible debentures (NCDs) of face value of Rs 10,00,000 on private placement basis,” IL&FS Transportation said in a BSE filing.

The company has an international footprint covering Spain, Portugal, and Latin America with the acquisition of Elsamex S.A., a Spain-based highway operations and maintenance and allied services provider company.

This is published unedited from the PTI feed.