Edelweiss Alternatives sells CNTL loan to ACRE https://ift.tt/BipEwFr, 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.
Wednesday, October 4, 2023
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