The publisher is looking to reduce its debt and has been involved in negotiations with banks and bondholders over a €200m (£172m) bond repayment, which was originally due for repayment in May this year.
The first standstill ran until 26 June and it was then extended to today (24 July). IN&M will now have just under five weeks to meet the repayment.
In a statement, IN&M said the extension had been granted, as revealed by Mediaweek.co.uk earlier this week (20 July), to allow it to continue the "ongoing and constructive discussions between all key stakeholders in relation to the group's financial restructuring".
Yesterday, IN&M announced the sale of its 18% stake in Cashcade to Partygaming for approximately €15.3m, net of costs. IN&M initially bought its interest in Cashcade in February 2006 for €6m.
Earlier this month, IN&M raised €22m after selling off 22 million shares of its stake in Indian media giant Jagran Prakashan.
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