Loan & Debt31 Jan 2025, 06:05 pm
GVK Power & Infrastructure's Subsidiary Signs Binding Term Sheet with Kotak Alternate Asset Managers for Refinancing
AI Summary
GVK Power & Infrastructure Ltd. has disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015 that its stepdown subsidiary, Alaknanda Hydro Power Company Limited, has signed a binding term sheet with Kotak Alternate Asset Managers Limited for the re-financing of the existing consortium term loans of Alaknanda. This move is subject to the completion of certain identified conditions precedent.
Key Highlights
- GVK Power & Infrastructure's subsidiary, Alaknanda Hydro Power Company Limited, signs a binding term sheet with Kotak Alternate Asset Managers Limited
- The term sheet is for the re-financing of the existing consortium term loans of Alaknanda
- The deal is subject to the completion of certain identified conditions precedent
- This disclosure is made under Regulation 30 of SEBI (LODR) Regulations, 2015
- GVK Power & Infrastructure Ltd. is currently under CIRP