{"id":606310,"date":"2023-09-25T11:54:05","date_gmt":"2023-09-25T06:24:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=606310"},"modified":"2023-09-25T11:54:05","modified_gmt":"2023-09-25T06:24:05","slug":"majority-of-lenders-of-ilfs-tamil-nadu-power-company-seal-loan-recast-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/majority-of-lenders-of-ilfs-tamil-nadu-power-company-seal-loan-recast-deal\/","title":{"rendered":"Majority of lenders of IL&amp;FS Tamil Nadu Power Company seal loan recast deal"},"content":{"rendered":"<p>A majority of the lenders have signed an agreement to restructure the \u20b99,000-crore debt of IL&amp;FS Tamil Nadu Power Company (ITPCL), allowing them to distribute the \u20b93,134 crore cash in the company as early as next week after the board of the debt-laden financial and infrastructure conglomerate gave its approval, people familiar with the process said.<\/p>\n<p>The master restructuring agreement (MRA) was approved by a majority of lenders last week. This envisages a loan repayment schedule up to March 2038 and redemption of non-convertible debentures (NCDs) by March 2040.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A majority of the lenders have signed an agreement to restructure the \u20b99,000-crore debt of IL&amp;FS Tamil Nadu Power Company (ITPCL), allowing them to distribute the \u20b93,134 crore cash in the company as early as next week after the board of the debt-laden financial and infrastructure conglomerate gave its approval, people familiar with the process said. The master restructuring agreement (MRA) was approved by a majority of lenders last week. This envisages a loan repayment schedule up to March 2038 and redemption of non-convertible debentures (NCDs) by March 2040.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-606310","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/606310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=606310"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/606310\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=606310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=606310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=606310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}