Corporate Announcement
Security Code : 533292    Company : A2ZINFRA    
 
Revised Announcement For Approval Of One Time Settlement (OTS) With Lenders Of A2Z Green Waste Management Limited As A Figure Of Total Debt Settlement Amount Was Inadvertently Mentioned As Rs. 10,001.14 Crore In Place Of Rs. 1,001.14 Cr Only At Page No. 2 Of The Attached Disclosure.Download PDF Download XBRL
  Exchange Received Time  27/07/2018 15:48:20         Exchange Disseminated Time   27/07/2018 15:48:27              Time Taken   00:00:07
Approval of One Time Settlement (OTS) with Lenders of A2Z Green Waste Management Limited (previously known as A2Z Infrastructure Ltd.) ('A2Z Green') a subsidiary of A2Z Infra Engineering Ltd. towards Debt settlement of INR 275.94 Cr, for a total Consideration of INR 70.0 Cr. In addition to above, it has been agreed that immediately subsequent to transfer of 'Kanpur Project' to EEMPSL, Energy Development Corporation Ltd., IL&FS Employee Welfare Trust and IIDC FUND, shall acquire 100% of the equity shareholding of Earth Environment Management Services Ltd. (EEMSPL), a wholly owned subsidiary of A2Z Green at a consideration of INR 5.0 lakh and eventually the outstanding liability amounting to INR 188.02 Cr of IFIN shall also be extinguished in the books of EEMPSL.
 

Disclaimer

Back To Announcements