Edelweiss Alternatives sells CNTL loan to ACRE : vimarsana.com

Edelweiss Alternatives sells CNTL loan to ACRE

CNTL, wholly owned by IL&FS Transportation Networks (ITNL), is likely to be resolved through transfer to an InvIT structure as part of its restructuring plan. This transaction follows Edelweiss' previous acquisition in 2021 when it purchased CNTL's loan of Rs 750 crore, recovering 75%-80% of the loan's value, originally sold by IndusInd Bank. CNTL currently has a total debt of Rs 5,454 crore, with Rs 4,195 crore owed to lenders and the remaining Rs 1,295 crore from IL&FS group entities.

Related Keywords

India , Mumbai , Maharashtra , Canara , Karnataka , , Indian Bank , Jk Bank , Deutsche Bank , Union Bank , Indusind Bank , Il Fs Transportation Networks , Punjab National Bank , Il Fs Group , Canara Bank , Sindh Bank , Edelweiss Alternatives , Chenani Nashri Tunnelway , Assets Care , Reconstruction Enterprise , Cube Highways , State Bank , Federal Bank , Edelweiss , Debt Restructuring , Loan Sale , Loan Recovery , Debt Resolution , Loan Acquisition , Il Amp Fs Debt Recovery , Creditors Interest Il Amp Fs , Cntl ,

© 2024 Vimarsana