IL&FS Transportation Networks provides financial update on subsidiary

Jharkhand Road Projects Implementation Company re-finances debt of Rs 1730 crore

IL&FS Transportation Networks announced that its subsidiary, Jharkhand Road Projects Implementation Company has re-financed its Debt of Rs. 1,730 crore availed for development 5 Road stretches in the State of Jharkhand by issue of Non-Convertible Debentures at a weighted average coupon of 9.45% p.a. resulting in reduction of interest cost by approx. 205 basis points.

Powered by Capital Market - Live News