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 | ||
153.4 INR | -2.17% |
|
-2.76% | -32.14% |
May. 30 | Asian Hotels (North) Appoints CFO | MT |
May. 29 | Asian Hotels Limited Appoints Sunil Upadhyay as Chief Financial Officer | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
1,435 INR | +0.29% | +0.05% | 13.38B | ||
0.88 INR | +1.15% | +6.02% | 7.31M | ||
1st Jan change | Capi. | |
---|---|---|
-32.14% | 35.73M | |
-1.91% | 10.29B | |
-19.78% | 6.83B | |
+10.82% | 6B | |
-8.03% | 5.96B | |
-23.14% | 3.12B | |
+9.42% | 2.61B | |
+4.10% | 2.54B | |
+18.06% | 2.15B | |
+7.05% | 2.11B |
- Stock Market
- Equities
- ASIANHOTNR Stock
- News Asian Hotels (North) Limited
- Indusind Bank to Reportedly Sell Future Retail & Asian Hotels' Loans to Edelweiss ARX