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IL&FS Transportation defaults on interest payments of Rs 3.37 crore on NCDs
Dec-18-2018

IL&FS Transportation Networks has defaulted in payment of the interest worth Rs 3.37 crore on two non-convertible debentures (NCDs), because of insufficient funds. The period for which the interest was due on both NCDs is between September 15, 2018 and December 14, 2018 (91 days).

IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface transportation infrastructure projects, taking projects from conceptualization through commissioning to operations and maintenance under public to private partnership on build-operate-transfer (BOT) basis.

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