Shares of Reliance Power rose 5% today and reached day's high of ₹23.83 on the BSE. The reports also claimed that its parent Reliance Infrastructure is working towards settling dues of ₹2,100 crore to JC Flowers Asset Reconstruction Company. Stock market today: Anil Ambani-led Reliance Power's shares hit upper circuit on March 20. Reliance Power financials Reliance Power disclosed earlier …
Stock market today: Despite weak market sentiments, Yes Bank shares are attracting strong buying interest during Monday deals. According to stock market experts, Yes Bank share price today skyrocketed after the positive update on sale of NPA portfolio. Yes Bank share news On reason that has fueled Yes Bank share price today, Avinash Gorakshkar, Head of Research at Profitmart Securities …
Private sector lender Yes Bank on Monday said it has transferred stressed assets of ₹48,000 crore to JC Flowers Asset Reconstruction Pvt Ltd, a move that will wipe the bank’s book clean of dud assets. As part of a competitive process conducted by the bank, JC Flowers ARC had submitted a binding bid of ₹11,183 crore, under a 15:85 structure …
Yes Bank on Monday announced the completion of the assignment of its stressed assets loan portfolio to the tune of a whopping ₹48,000 crore to J.C. In a statement, Yes Bank stated that the completion of the assignment of its non-performing assets totaling ~ ₹48,000 crore of principal outstanding as on March 31, 2022, to JC Flowers ARC. Prashant Kumar, …
MUMBAI : Asset Reconstruction Co. of India has emerged as the single challenger bidder to acquire Yes Bank’s ₹48,000 crore bad loan portfolio, two people aware of the matter said. Under Swiss Challenge for Yes Bank’s bad loan sale, only an ARC can make the counter-offer, and the bid must be at least 5% higher than the anchor bidder’s. Mint …
