Friday, August 12, 2022

State Bank sells distressed KSK Mahanadi loans to Aditya Birla ARC for Rs 1,622 crore

This would be the single-largest distressed loan sale on an upfront payment basis by any bank, equating to a recovery of 42 per cent for the bank. Aditya Birla ARC's bid was supported by its joint venture partner, Varde Partners.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/8uvSbQa

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