Business Update21 Mar 2025, 11:24 pm
Arman Financial Services Ltd Approves Sale of NPA and Written-off Loans to ARC for Rs. 35.00 Cr
AI Summary
Arman Financial Services Ltd has announced the approval of a proposal for the sale of Non-Performing Assets (NPA) and written-off loans to an Asset Reconstruction Company (ARC). The decision was made at a meeting of the Finance & Investment Committee of Namra Finance Limited, a material subsidiary of Arman Financial Services Limited, held on March 21, 2025. The portfolio of stressed assets has a reserve price of Rs. 18,899 Cr on a cash and security receipts (SR) basis. The company is currently reaching out to registered ARCs for Expression of Interest (EOI). The proposed deal will be intimated separately upon completion.
Key Highlights
- Arman Financial Services Ltd approves sale of NPA and written-off loans to ARC
- Portfolio of stressed assets has a reserve price of Rs. 18,899 Cr on a cash and security receipts (SR) basis
- Company is reaching out to registered ARCs for Expression of Interest (EOI)
- Proposed deal to be intimated separately upon completion
- Decision made at a meeting of the Finance & Investment Committee of Namra Finance Limited