StockMarketWire.com - Infrastructure India said it had again negotiated an extension to the maturity of separate bridging and working capital loans, as it continued to work toward completing a financing agreement with PSA International and Gateway Partners.

A $48.4m unsecured bridging loan facility, which carried a 12.0% interest rate, had been extended until 14 December.

A $21.5m working capital loan, with a 7.5% interest rate, had also been extended until 14 December.

'Following Infrastructure India shareholder approval of the proposed financing at an extraordinary general meeting on 24 August 2018, the parties continue to progress towards completion,' the company said.


At 2:59pm: [LON:IIP] Infrastructure India PLC share price was 0p at 2.1p



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