Piramal gets premium for Rs 531 crore residual bad loans https://ift.tt/9lBARGw Piramal Group has sold its bad loans worth ₹531 crore to Omkara Asset Reconstruction Co., including properties like a JW Marriott hotel and a Crowne Plaza unit. The deal was done at a premium, resulting in a profit of over ₹700 crore for Piramal. The loans were initially sold to Omkara ARC in a structured deal, with 15% paid in cash and the rest issued as security receipts.
Tuesday, October 24, 2023
Piramal gets premium for Rs 531 crore residual bad loans
Subscribe to:
Post Comments (Atom)
-
Jeffersonville, OH - Join our 100% Owner Operator Fleet today! If you're tired of uncertain work, if fuel prices are killing your profit...
-
Rising Career Solution - Delhi - Walking interview & same day joining Urgent hiring for Credit Card Sales Vacancies- 300+ Payroll of Ind...
-
Genesis HealthCare - Florence, KY - Offering $2000 Sign On Bonuses for Full Time LPNs! Now Under New Leadership! Now offering OnShift! Acces...
No comments:
Post a Comment