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IL&FS Transportation Networks misses Rs 7.24 crore interest repayments on NCDs

IL&FS Transportation Networks misses Rs 7.24 crore interest repayments on NCDs

IL&FS Transportation Networks has defaulted in payment of the interest amount of Rs 7,24,65,753 on non-convertible debentures (NCDs), due between May 21, 2018 and November 20, 2018 (184 days), because of insufficient funds.

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.