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.
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
135 INR | -4.86% | -5.00% | -40.28% |
05-30 | Asian Hotels (North) Appoints CFO | MT |
05-29 | Asian Hotels Limited Appoints Sunil Upadhyay as Chief Financial Officer | CI |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
1,418 INR | -7.33% | -3.12% | 14.33B | ||
0.77 INR | 0.00% | +1.32% | 6.91M | ||
1st Jan change | Capi. | |
---|---|---|
-40.28% | 33.21M | |
+9.57% | 11.5B | |
-18.71% | 6.85B | |
-12.42% | 5.67B | |
+0.56% | 5.44B | |
-6.96% | 3.74B | |
+4.10% | 2.5B | |
+3.51% | 2.47B | |
-8.07% | 2.21B | |
+10.26% | 2.16B |
- Stock Market
- Equities
- ASIANHOTNR Stock
- News Asian Hotels (North) Limited
- Indusind Bank to Reportedly Sell Future Retail & Asian Hotels' Loans to Edelweiss ARX