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GTL Infrastructure provides update on SDR process

Capital Market 

Indian Rupee denominated debt levels of GIL and CNIL at sustainable levels

Infrastructure announced that the Company and Chennai Network Infrastructure have completed important milestones in their respective SDR processes. On 13 April 2017, the CDR lenders of GIL and CNIL, converted part of the outstanding debt into equity shares such that each set of CDR lender, holds 51% of the equity share capital (on fully diluted basis) of GIL and CNIL, respectively.

The Indian Rupee denominated debt levels of GIL and CNIL are now at sustainable levels. The respective details are as under -

GIL
Rupee Debt prior to conversion - Rs 3390.57 crore
Rupee Debt post conversion - Rs 1698.35 crore

CNIL

Rupee Debt prior to conversion - Rs 5162.89 crore
Rupee Debt post conversion - Rs 2353.93 crore

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 18 2017. 09:32 IST
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