Wednesday, August 10, 2022
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Srei lenders to consider selling assets to ARCs to hasten recovery

Lenders to the defaulted Srei Group companies -- and Srei Equipment Finance -- are considering selling the sticky loan assets to the asset reconstruction companies to fasttrack recovery as they do not expect any quick resolution of the debt through the bankruptcy court. A joint lenders' meeting will

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Aditya Birla ARC, Arcil among companies eyeing SBI’s KSK Mahanadi loan

Varde Partners-backed Aditya Birla Asset Reconstruction Company, Kotak Mahindra Bank-backed Phoenix ARC and Avenue Capital-backed Arcil are among a dozen applicants interested in acquiring a ₹3,815-crore KSK Mahanadi Power loan from State Bank of India, said people aware of the matter. It is the largest stressed loan sale by any

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