IL&FS Transportation Networks Ltd approves allotment of 20 crore Preference Shares

The Committee of Directors on September 26, 2013 approved the allotment of 20,00,00,000 unrated, unlisted fully paid up Cumulative Redeemable Preference Shares of Rs. 10 each at a premium of Rs. 10 per share aggregating to Rs. 400 Crores on a private placement basis.

Shares of IL&FS Transportation Networks Ltd last traded in BSE at Rs.105.50, down by Rs.0.80 or 0.75%. The stock hit an intraday high of Rs.107.95 and low of Rs.104.10.

The total traded quantity was 2707 compared to 2 week average of 18715.

Source : Equity Bulls

Keywords