IL&FS Transportation defaults on interest payments of Rs 2.28 crore on NCDs
IL&FS Transportation Networks has defaulted in payment of the interest worth Rs 2.28 crore on two non-convertible debentures (NCDs), because of insufficient funds. The interest payment on both NCDs were due on November 26, 2018. IL&FS Transportation Networks is an India-based surface transportation infrastructure company. The company is a developer, operator and facilitator of surface … Read more