"This would be one of the largest time-bound resolutions in recent years," NARCL managing director N Sundar was quoted as saying in a press statement issued by the asset reconstruction company.
NARCL signs documents for acquisition of two Srei firms, aims to revive equipment lending business thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
NARCL to sign final documents soon before taking over Srei firms thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Atc India: ET was the first to report in its August 23 edition that the two sides had entered into a 60-day exclusivity agreement for bilateral negotiations that ended in ATC selling a minimum of 51% in ATC-TIPL. On June 28, ET had also reported I Squared leads the race to buy ATC’s India arm.