A2Z Infra Engineering informs about outcome of board meeting

15 Mar 2019

A2Z Infra Engineering has informed that the Company had availed financial assistance as term loan from ICICI Bank and ICICI Bank has assigned all the rights, title and interests in the financial assistance granted by it to the Company, in favour of Edelweiss Asset Reconstruction Company Limited (the Lender), acting in its capacity as trustee of EARC Trust SC 217 vide Assignment Agreement executed in favour of EARC on June 29, 2016. As per its books and accounts, outstanding of Edelweiss as on 31st March, 2018 was Rs 177.69 Crore (including interest) and the same is settled for a total settlement consideration of Rs 41.0 Crore.

The above information is a part of company’s filings submitted to BSE.

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