IL&FS Transportation Networks plans to raise Rs 390 crore through issue of debentures on private placement basis.
"...The Committee of Directors had approved on March 23, 2016, the allotment of 7,800 rated, unlisted, redeemable, non-convertible debentures of the face value of Rs 5,00,000 aggregating to Rs 390 crore on a private placement basis," the company said in a regulatory filing.
The company had reported a 23.25 per cent jump in consolidated net profit at Rs 159.07 crore for the quarter ended December 31, 2015 on the back of increase in income.
Last month, the company had said that it has sold 49 per cent equity stake in Rapid Metro Rail Gurgaon Ltd for Rs 509.9 crore.
