Pune-Sholapur Road restructuring gives lenders Rs 334 crore

Ten banks, led by Bank of India, have received Rs 334 crore from accumulated toll collections of Pune Sholapur Road Development Co Ltd, previously owned by IL&FS. They are set to receive an additional Rs 87 crore as part of a restructuring deal with new owners, Roadstar Infra Investment Trust. The deal includes elongating the loan tenure to 2032 and issuing non-convertible debentures payable over 20 years. Banks are expected to book gains in the next quarter.