State Bank sells distressed KSK Mahanadi loans to Aditya Birla ARC for Rs 1,622 crore - Business News: Latest News & Videos about market and economy | Trendmergers

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State Bank sells distressed KSK Mahanadi loans to Aditya Birla ARC for Rs 1,622 crore

This would be the single-largest distressed loan sale on an upfront payment basis by any bank, equating to a recovery of 42% for the bank. Aditya Birla ARC's bid was supported by its joint venture partner, Varde Partners.

from Industry-Economic Times
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