ITNL gains as board to consider rights issue

IL&FS Transportation Networks rose 3.07% to Rs 120.80 at 12:39 IST on BSE after the company scheduled a board meeting on 26 August 2015 to consider issue of equity shares of the company on rights basis.

The company made the announcement of the board meeting during market hours today, 18 August 2015.

Meanwhile, the S&P BSE Sensex was off 62.45 points or 0.22% at 27,815.82

On BSE, so far 82,148 shares were traded in the counter as against average daily volume of 85,609 shares in the past one quarter.

The stock hit a high of Rs 123.45 and a low of Rs 116.80 so far during the day. The stock had hit a 52-week low of Rs 115.25 on 14 August 2015. The stock had hit a 52-week high of Rs 229.10 on 2 March 2015.

The small-cap company has equity capital of Rs 246.72 crore. Face value per share is Rs 10.

On consolidated basis, IL&FS Transportation Networks (ITNL)'s net profit dropped 97.9% to Rs 2.90 crore on 15.8% growth in net sales to Rs 1644.40 crore in Q1 June 2015 over Q1 June 2014.

ITNL has grown into the largest BOT (build, operate and transfer) road assets owner in India with approximately 13,100 lane kilometer (km) in its portfolio.

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