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Incorporated in 2000, IL&FS Transportation Networks Ltd does development, operations and maintenance of surface transportation infrastructure projects
IL&FS Transportation Networks Limited has informed the Exchange regarding 'Prior Board Meeting Intimation for Adoption of Revised Audited Standalone Financial Results for FY 2018-19'.
IL&FS Transportation Networks is initiating a third interim cash distribution to its Non-Convertible Debenture (NCD) holders, totaling approximately Rs 255.87 Cr. This payout effectively reduces the admitted claim value of these NCDs.
IL&FS successfully transferred Chenani Nashri Tunnelway (CNTL) shares to Cube Highways for ₹6,145 Cr. This transaction, including ₹5,454 Cr debt settlement, brings total IL&FS Group debt discharged to over ₹48,000 Cr, marking a major resolution milestone.
Company successfully completed the sale of its wholly-owned subsidiary, Chenani Nashri Tunnelway Limited (CNTL), to Cube Highways for INR 5,429 crore. CNTL has ceased to be a subsidiary.