IndusInd Bank Limited (BSE:532187) this week agreed to sell INR 2.47 billion of loan assets in Future Enterprises Limited (BSE:523574) and Asian Hotels (North) Limited (BSE:500023) to Edelweiss Asset Reconstruction Company Limited for INR 1.95 billion, two people aware of the development told ET. That translates into a haircut of about a fifth of the total sum advanced to the two stressed borrowers.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
142.1 INR | +4.33% | +2.93% | -37.14% |
02/05 | Asian Hotels (North) CFO Resigns | MT |
04/04 | Asian Hotels Limited Announces the Cessation of Sanjeev Agarwala as Independent Non- Executive Director | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
1,459 INR | -0.48% | +3.77% | 1.37TCr | ||
0.76 INR | +1.33% | +7.04% | 67.47L | ||
1st Jan change | Capi. | |
---|---|---|
-37.14% | 3.19Cr | |
+14.08% | 1.14TCr | |
-20.43% | 680.83Cr | |
-13.51% | 566.86Cr | |
-1.17% | 551.6Cr | |
-8.06% | 374.95Cr | |
+6.34% | 256.09Cr | |
+2.88% | 242.03Cr | |
-8.90% | 222.73Cr | |
+9.62% | 208.53Cr |
- Stock Market
- Equities
- ASIANHOTNR Stock
- News Asian Hotels (North) Limited
- Indusind Bank to Reportedly Sell Future Retail & Asian Hotels' Loans to Edelweiss ARX