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 275.94Cr, For A Total Consideration Of INR 70.0 Cr

• Security Code: 533292
• Company: A2ZINFRA

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.