Srei Infrastructure Finance

NARCL pays Srei lenders promised upfront cash – ET Infra

[ad_1] National Asset Reconstruction Co (NARCL), the winning bidder for the bankrupt Srei twins, has distributed to lenders Rs 2,580 crore of cash accumulated in the distressed infrastructure financiers as part of the debt-resolution program at the Kolkata-based companies. The cash was distributed as part of the Rs 3,180-crore upfront payment promised by the NARCL […]

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NARCL likely to wind up Srei group’s equipment finance arm – ET Infra

[ad_1] After completion of the takeover of two Srei grou p firms through NCLT route, state-owned asset reconstruction company NARCL is expected to retain only one of the acquired companies, official sources said. The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of NARCL for takeover of the twin

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