IL&FS Transportation Networks announced that its committee of directors approved the allotment of 1,000 rated, listed, redeemable, non-convertible debentures (the debentures) of the face value of Rs 1 million aggregating to Rs 1 billion on a private placement basis on Mar. 04, 2014.

These debentures will be listed on the National Stock Exchange of India (NSE).

The company had earlier issued 10,000 debentures of Rs 1 million each aggregating Rs 10 billion.

With the aforesaid allotment, the company has as of date issued and allotted 11,000 debentures of Rs 1 million each aggregating to Rs 11 billion.

Shares of the company gained Rs 5.8, or 5.38%, to settle at Rs 113.60. The total volume of shares traded was 59,987 at the BSE (Wednesday).