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Pin to quick picksInfra.india Share News (IIP)

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Infrastructure India Net Asset Value Falls Over Financial Year

Fri, 21st Sep 2018 12:24

LONDON (Alliance News) - Infrastructure India PLC on Friday said its net asset value per share fell sharply in its financial year 2018 hurt by weak performance of its main investee Distribution Logistics Infrastructure Ltd.

The investment company said its net asset value per share declined in the 12 months ended March 31 to 2.8 pence from 4.1p reported a year prior.

The stock was trading flat on Friday at 2.95p per share.

Value of the company's investments fell to GBP223.0 million as at the end of March from GBP296.0 million the year before.

The result was hurt by the weakening of Indian rupee against the pound, Infrastructure India said, coupled with delays in completion schedules at Distribution Logistics Infrastructure.

At the end of July, the company entered into financing deal for up to USD125 million with PSA International and Gateway Partners.

The transaction includes the issue of convertible preference shares in Distribution Logistics Infrastructure India, Distribution Logistics Infrastructure's parent company, for a consideration of USD75 million and the sale of 24% of Distribution Logistics Infrastructure for a consideration of USD50 million.

"The proposed USD125 million financing agreement with PSA International and Gateway Partners is a key turning point for Distribution Logistics Infrastructure, which is our largest investment representing 86% of the value of our fund," said Chief Executive Sonny Lulla.

"The investment into Distribution Logistics Infrastructure will enable the business to push forward with expanding its presence in key logistics terminals and in PSA, Distribution Logistics Infrastructure will have one of the leading global port operators as a major shareholder and partner," added Lulla.

More News
2 Apr 2019 10:35

Infrastructure India Agrees USD105 Million Loan; Shares Nearly Double

LONDON (Alliance News) - Shares in Infrastructure India soared on Tuesday after it said it secured a loan facility of up to USD105 million and amended extended the maturity on two of its other in

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22 Mar 2019 18:50

Infrastructure India Ups Existing Bridging Loan, Mulls Funding Options

LONDON (Alliance News) - Infrastructure India PLC on Friday said it has agreed a USD7.5 million increase to an existing unsecured bridging loan facility.The investment company currently has

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21 Feb 2019 17:58

Infrastructure India Increases Existing Bridging Loan By USD3 Million

LONDON (Alliance News) - Infrastructure India PLC on Thursday said it has agreed a USD3.2 million increase to an existing unsecured bridging loan facility.The investment company currently

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18 Feb 2019 15:59

Infrastructure India Further Extends USD75 Million Loan Repayment Date

LONDON (Alliance News) - Infrastructure India PLC on Monday said it has agreed an extension to the maturity date of of its loans worth USD74.9 million.The investment company currently has a

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5 Feb 2019 18:41

Infrastructure India Agrees Loan Extensions With Creditors

LONDON (Alliance News) - Infrastructure India PLC said its has agreed extensions to the maturity of its USD53.4 million bridge loan and USD21.5 million working capital loan.The loans were

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4 Feb 2019 18:10

Infrastructure India Requests Working Capital, Bridging Loan Extension

LONDON (Alliance News) - Infrastructure India PLC said on Monday it has requested, but has not yet been granted, some loan extensions.This comes after the investor at the end of January its

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22 Jan 2019 12:59

Infrastructure India Increases Existing Loan, Extends Repayment Date

LONDON (Alliance News) - Infrastructure India PLC on Tuesday said it has agreed an extension to the maturity date of of its loans worth USD69.9 million and a USD5 million increase to an existing a

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8 Jan 2019 10:53

Infrastructure India Further Extends USD70 Million Loan Repayment Date

LONDON (Alliance News) - Infrastructure India PLC on Tuesday said it has agreed an extension to the maturity date of of its loans worth USD69.9 million.The investment company currently has

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8 Jan 2019 08:15

Infrastructure India extends existing loans amid delays to refinancing

(Sharecast News) - Infrastructure India has agreed the extensions to the maturity of an existing $48.4m unsecured bridging loan facility originally provided in June 2017 by Cedar Valley Financial, and an existing $21.5m working capital loan originally provided in April 2013 by GGIC, it announced on Tuesday.

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7 Dec 2018 13:44

Infrastructure India Extends Loan Maturity While Financing Progresses

LONDON (Alliance News) - Infrastructure India PLC on Friday said it has agreed further extensions to the maturity of its bridging and working capital loans.The infrastructure fund has a was

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19 Nov 2018 12:48

Infrastructure India Agrees Loan Extensions With Cedar Valley And GGIC

LONDON (Alliance News) - Infrastructure India PLC said Monday it agreed two loan extensions with Cedar Valley Financial and GGIC Ltd to December 7.The India-focused infrastructure fund said

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31 Oct 2018 16:06

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 1 NovemberGo-Ahead Group Patissiere Holdings (re firm placing and conditional of London Investment 2 5 (re

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25 Oct 2018 12:39

Infrastructure India Agrees USD2 Million Increase To Existing Loan

LONDON (Alliance News) - Infrastructure India PLC said Thursday that it secured a USD2.0 million increase to its existing USD46.4 million unsecured bridging loan facility provided by Cedar Valley

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23 Oct 2018 11:39

Infrastructure India Gets USD1 Million Increase To Cedar Valley Loan

LONDON (Alliance News) - Infrastructure India PLC said Wednesday that it secured a USD1.0 million increase to its existing USD45.4 million unsecured bridging loan facility provided by Cedar Valley

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18 Oct 2018 18:31

Infrastructure India Agrees To Extend Loan Repayment Date To November

LONDON (Alliance News) - Infrastructure India PLC on Thursday said it has agreed extensions to the maturity of its USD45.4 million bridging loan facility from Cedar Valley Financial and a USD21.5

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