Corporate Action15 Apr 2026, 02:58 pm
IL&FS Transportation announces third interim NCD distribution
AI Summary
IL&FS Transportation Networks Ltd. announced its third interim distribution to Non-Convertible Debenture (NCD) holders. The record date for determining eligible holders was April 10, 2026, with payouts commencing on April 16, 2026. This distribution follows orders from the Hon'ble NCLAT and calculations by Alvarez & Marsal India Private Limited and Grant Thornton Bharat LLP. The payment will reduce the admitted claim value of the NCDs. The annexure details specific ISINs, percentages, and amounts payable per debenture, with various NCD series receiving different distribution percentages (e.g., 17.00% for IXX-HOUL, 18.00% for AX-HOUL, 19.00% for ATX-HOUL).
Key Highlights
- IL&FS Transportation announced its third interim distribution to NCD holders.
- Record date for eligible NCD holders was April 10, 2026.
- Payouts for the distribution commenced effective April 16, 2026.
- Distribution amounts vary by NCD series, reducing admitted claim values.
- The distribution is in accordance with Hon'ble NCLAT orders.