Infrastructure India plc Asset Sale Update (6994E)
31 Outubro 2022 - 4:45AM
UK Regulatory
TIDMIIP TIDMTTM
RNS Number : 6994E
Infrastructure India plc
31 October 2022
31 October 2022
Infrastructure India plc
("IIP" or the "Company" or, together with its subsidiaries, the
"Group")
Further asset sale update
Infrastructure India plc, an AIM quoted infrastructure fund
investing directly into assets in India, announces that the
purchaser of Indian Energy Limited ("IEL"), AVSR Constructions, has
continued to experience administrative delays in finalising the
transaction.
Further to the Company's announcements of 15 July 2022, 12
September 2022 and 30 September 2022, the Group now expects
proceeds from the sale of IEL to be received during November 2022.
However, the Board has expressed concern to AVSR over the continued
delays and that progress must soon be made. The Company's creditors
remain supportive, and it is expected the consideration due to the
Company from the sale of IEL will be partially utilised towards
settlement of such creditors. As previously announced, the Board
remains in discussions with third parties regarding the sale of
assets, including Distribution Logistics Infrastructure Limited,
and further announcements will be made as and when appropriate.
- Ends -
Enquiries:
Infrastructure India plc www.iiplc.com
Sonny Lulla Via Novella
Strand Hanson Limited
Nominated Adviser
James Spinney / James Dance +44 (0) 20 7409 3494
Singer Capital Markets
Broker
James Maxwell - Corporate Finance
James Waterlow - Investment Fund Sales +44 (0) 20 7496 3000
Novella
Financial PR
Tim Robertson / Safia Colebrook +44 (0) 20 3151 7008
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