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.
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