At meeting held on 21 September 2017
The Board of A2Z Infra Engineering has approve the following -1. A2Z's Board approved issuance up to 8.0 crore equity shares to its Lenders as part of One-time settlement scheme(s), envisaged to be entered into between the Company and its lending banks.
The said issuance of shares to banks shall address approx. Rs 850.0 crore of the Company's debt which represents 74.0 % of the Company's total debt.
2. A2Z's Board approves One Time Settlement (OTS) with SICOM, a Lender of the Company.
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