IL&FS Transportation Networks to raise Rs 700 cr through IPO

Mumbai: IL&FS Transportation Networks (ITNL), engaged in building roads on BOT basis (Build-Operate- Transfer) today said it would raise Rs
700 crore though an IPO in Januray for repayment of loan and support its growth plans.
"We have filed the Draft Red Herring Prospectus on September 29 with the market regulator SEBI and hope to open the IPO in the next one to one and a half months,"ITNL Managing Director K Ramchand said.
The company has entered into a strategic partnership with Airports Authority of India to venture into airport sector and has also been selected for developing 4.9 km elevated metro rail link project in Gurgaon, Ramchand said.
04/12/09 Press Trust of India/Economic Times

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Categories: Airports Dec 2009