Infrastructure India has agreed a further extension of the $17m working capital loan facility provided to the company in April 2013 by GGIC.
IIP said the maturity date of the loan had been extended by 30 days to 10 July 2017.
The loan carries an interest rate of 7.5% per annum and was originally due to be repaid by the company on 10 April 2017.
In April, the company and GGIC agreed an extension to the loan which extended the term of the Loan to 9 June as the company did not have sufficient cash resources to repay the loan.
At 8:20am: (LON:IIP) Infrastructure India PLC share price was 0p at 6p