Friday, December 3, 2021

Federal Bank sells ITNL owned Chenani Nashri Tunnel debt to ACRE at 25% discount

​​An income of Rs 700 crore through annuity by the company was distributed to lenders early this year. IL&FS group companies have a total exposure of Rs 1,295 crore in a combination of debt and equity in CNTL while other financial creditors have an exposure of Rs 4159 crore, documents show.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/federal-bank-sells-itnl-owned-chenani-nashri-tunnel-debt-to-acre-at-25-discount/articleshow/88079559.cms

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