|
| Exchange Received Time 27/07/2018 15:14:36 Exchange Disseminated Time 27/07/2018 15:14:42 Time Taken 00:00:06 | | 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. |
|
|