← Back to feedRead original →
VERIFIEDET Finance·positive
NARCL makes fifth exit with Rs 575 crore recovery
AI Summary
- ·NARCL has made its fifth exit with a recovery of Rs 575 crore from Agson Global.
- ·Agson Global was admitted to insolvency proceedings following a petition by erstwhile Allahabad Bank, now Indian Bank.
- ·NARCL acquired Agson Global's debt at a discount, enabling full redemption of security receipts and an additional Rs 200 crore distribution to banks.