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L&T Finance: L&T Finance sells real estate loans to Phoenix ARC for over Rs 1,000 cr

The portfolio included six real estate accounts sold for ₹1,075 crore, equating to a 60% recovery for L&T Finance, the people said. The finance company invited offers under a 15:85 structure for ten accounts with a total loan of ₹3,022.5 crore, according to a notice issued by the finance company on its website early last month.

L&T Finance sells real estate loans to Phoenix ARC for over Rs 1,000 crore, ET RealEstate

L&T Finance sells real estate loans to Phoenix ARC for over Rs 1,000 crore, ET RealEstate
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