SKIL Infrastructure hikes stake in NMSCIL

18 Apr 2018

SKIL Infrastructure has increased paid-up equity share capital in Navi Mumbai Smart City Infrastructure (NMSCIL) and with this, NMSCIL is ceased to be a subsidiary of the company. The Board of Directors of the company at its meeting held on April 16, 2018 transacted the same.

The Board at its meeting approved to extend securities and execute relevant deeds, documents to Orange Smart City Infrastructure (OSCIPL) for the purpose of availing Term Loan facility of Rs 725 crore (Increase from Rs 150 crore) by them.

SKIL Infrastructure is one of the leading infrastructure development Companies in India, having pioneered the development namely of Seaport & Logistics, Railway, Defence Ship building and Offshore asset construction yard, Special Economic Zone and Smart City in the private sector.

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