 "mumbai airport, CSIA, MIAL, T2, flights, coronavirus, gvk")
Mumbai International Airport (MIAL), which has been hit by a slump owing to the pandemic, has sought extension in the payment holiday on loans till the end of March 2022, as part of the debt restructuring package.
Besides seeking a reduction in interest rate for all facilities (loans), the entity wants an additional term loan for the period ending March 2021.
The company has submitted to its lenders a proposal for restructuring existing loans and working capital facilities, delineating the change in the ownership clause under the Reserve Bank of India’s circular dated June 7, 2019. MIAL has also applied
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