L&T Finance to sell bad loans worth Rs 3,000 crore – ET Infra

MUMBAI: L&T Finance has initiated a bidding process to sell non-performing loans worth Rs 3,022 crore to asset reconstruction companies. These loans are spread across 10 accounts, including Nirmal Lifestyle Developers, Nirmal Lifestyle Malls, and Supertech. The largest loan up for sale is Nirmal Lifestyle Developers’ Rs 790-crore debt, followed by Supertech at Rs 515 […]

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