Brief: IL&FS Transportation Networks Says Restructuring Proposal Of CNTL Is Progressing Well

IL&FS Transportation Networks

01/03/2022 08:48

March 1 (Reuters) - IL&FS Transportation Networks Ltd
 ILFT.NS :
    * IL&FS TRANSPORTATION NETWORKS - RESTRUCTURING PROPOSAL OF
CNTL
IS PROGRESSING WELL, LENDERS HAVE APPOINTED VALUER, FORENSIC
AUDITORS, RATING AGENCIES
    * IL&FS TRANSPORTATION NETWORKS - VOTING FOR RESTRUCTURING
PROPOSAL IS YET TO START AND EXPECTED NEXT WEEK
    * IL&FS TRANSPORTATION NETWORKS - CURRENT RESTRUCTURING
PROPOSAL
HAS ENHANCED RECOVERY FOR SECURED LENDERS INCLUDING INTEREST
ACCRUAL STARTING FROM APRIL 2021


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