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Infrastructure India Gains Two Loan Maturity Date Extensions

Tue, 18th Sep 2018 13:05

LONDON (Alliance News) - Infrastructure India PLC said Tuesday it has agreed two loan maturity extensions to October 18.

The infrastructure fund agreed the extension of a USS43.4 million unsecured bridging loan facility originally provided in June 2017 by Cedar Valley Financial. The loan carries an interest rate of 12% per year.

It also agreed an extension to a USD21.5 million working capital loan, with a 7.5% annual interest rate, provided to the company in April 2013 by GGIC Ltd.

Infrastructure India shares were trading up 7.1% at 3.0 pence each.

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