Infrastructure India (IIP)

Sector:

Investment Firms

0.075p
   
  • Change Today:
    -0.025p
  • 52 Week High: 1.00
  • 52 Week Low: 0.051
  • Currency: UK Pounds
  • Shares Issued: 682.08m
  • Volume: 54,787
  • Market Cap: £0.51m

Infrastructure India extends term loan facility by one month

By Josh White

Date: Thursday 30 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Asset investor Infrastructure India announced an extension to the maturity date of a term loan provided by IIP Bridge Facility on Thursday.
The AIM-traded firm said the loan, which it entered into in 2019, was a secured four-year facility with an interest rate of 15% per annum.

On 31 August last year, the principal of the term loan was increased by $6m, bringing it to $111m, while all other terms and conditions remained the same.

It said on Thursday that the original maturity date of 1 April 2023 had now been extended to 1 May.

"As announced on 28 February 2022 and regularly thereafter, Infrastructure India is engaged in discussions with several third parties regarding the potential sale of its largest asset, Distribution Logistics Infrastructure, and the extension to the maturity date enables IIP to remain focussed on these discussions," the board explained in its statement.

At 1236 BST, shares in Infrastructure India were flat at 0.3p.

Reporting by Josh White for Sharecast.com.

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IIP Market Data

Currency UK Pounds
Share Price 0.075p
Change Today -0.025p
% Change -25.00 %
52 Week High 1.00
52 Week Low 0.051
Volume 54,787
Shares Issued 682.08m
Market Cap £0.51m

IIP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.06% below the market average1.06% below the market average1.06% below the market average1.06% below the market average1.06% below the market average
25.25% above the sector average25.25% above the sector average25.25% above the sector average25.25% above the sector average25.25% above the sector average
Price Trend
95.89% below the market average95.89% below the market average95.89% below the market average95.89% below the market average95.89% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth Not Available

IIP Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
10:07 207 @ 0.051p
10:05 50,000 @ 0.060p
10:04 4,580 @ 0.051p

IIP Key Personnel

Chair Thomas Tribone
CEO Rahul (Sonny) Lulla

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